Financial Literacy Crossword #3

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Across
  1. 2. ________ pay: on a pay stub, the total amount of money you’ve earned before taxes and other withholdings.
  2. 5. The tax that pays for Social Security and Medicare
  3. 9. __________ coverage: pays for damage caused by non-collision events, e.g. theft, vandalism, weather, hitting an animal, etc.
  4. 11. You’ll receive IRS Form W-2 from your employer in this month
  5. 12. coverage _______ : the maximum amount a car insurance company will pay for a covered claim
  6. 13. On a pay stub, an abbreviation for a term meaning “from January 1 until today”
  7. 14. A high-premium healthcare plan which covers some of the cost of out-of-network care and does not require a primary care physician's referral to see a specialist.
  8. 15. the major credit reporting agency that doesn't start with an "e"
  9. 16. IRS Form 1040 is better known as the Individual Income Tax _________
  10. 17. ________ maximum: the maximum amount of money an insured person will pay for covered health care during the year besides premiums (three words, no spaces or hyphens)
  11. 20. Your employer uses the information you provide on IRS Form W-4 to determine how much tax to __________ from your paycheck.
  12. 21. _________ pay: on a pay stub, the amount that will actually be deposited into your bank account
Down
  1. 1. ___________ coverage: covers damage to your vehicle if you hit another vehicle or object
  2. 3. In general, policies that have lower deductibles will have higher monthly premiums; therefore, premiums and deductibles can be said to be ____________ related.
  3. 4. ___________ coverage: legally required car insurance coverage in most states; pays for damage to another vehicle or person caused by the insured driver
  4. 6. a home loan in which the lender may repossess the home if the borrower defaults
  5. 7. after the deductible is met, the share of covered medical expenses that the insured person pays, often 20 or 30%
  6. 8. the amount initially borrowed or invested
  7. 10. A low-cost healthcare plan which only covers services provided by in-network providers and in which the insured person must obtain a referral from a primary care physician to see a specialist
  8. 18. The software that Mr. Fenton uses to file his tax return
  9. 19. Steve has an insurance policy with a $1,000 deductible and a $100,000 coverage limit. If he is in an accident that results in $13,000 of covered damages, the insurance company will pay him $ ________ thousand (spell it out).