Money Management

3. Sources or amounts of income that are not taxed.
8. A type of account that can be opened with a small amount of money and allows you to make deposits and withdrawals. It pays a low rate of interest.
10. The money your employer withholds for federal income tax purposes is sent to the _____ _____ Service.
12. A form of investment that requires you to commit a minimum amount of money for a set period of time.
14. Vacation pay, sick leave, retirement funds, and insurance provided by employers.
15. The form that allows an employer to determine how much of an employee’s pay should be withheld for taxes.
16. A convenient type of investment for savings where the interest rate changes daily
17. A form of savings offered by the U.S. government, issued in specific denominations

1. The income you accumulate before deductions are made.
2. Citizens of the United States who earn money must pay this type of tax, which is the amount deducted from taxable income.
4. The abbreviation for the act under which you pay Social Security taxes.
5. _____ income is the income you receive before deductions are taken from your pay.
6. Occurs when a check is written on an account with insufficient funds.
7. A type of check deposit service in which the employer’s payroll monies are electronically transferred into their employees’ personal checking or savings accounts.
8. Taxes collected to provide disability, survivors, and retirement benefits when needed.
9. Also called take-home pay, the _____ income is the amount of money left in your paycheck after deductions have been taken out.
11. A return on an investment paid according to a specified annual percentage of the amount of money in an account
13. A long-range savings plan designed to provide income after you stop working