Semester 2 Vocabulary

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Across
  1. 4. Referring to investments where taxes on earnings are postponed until a later date.
  2. 5. of Deposit (CD): A savings certificate entitling the bearer to receive interest.
  3. 7. Interest: Interest calculated only on the initial principal amount invested or loaned.
  4. 9. The act of leaving one's job and ceasing to work, usually occurring at an older age.
  5. 11. The initial amount of money invested or loaned, on which interest is calculated.
  6. 13. Occurring twice a year.
  7. 16. Occurring four times a year, or every three months.
  8. 17. Security: A federal program that provides retirement, disability, and survivor benefits.
  9. 19. (Individual Retirement Account): A tax-advantaged retirement account for individuals.
  10. 22. Occurring every day or relating to each day.
  11. 23. Security Credits: Credits earned through paying Social Security taxes that count toward eligibility for Social Security benefits.
  12. 24. Retirement Age: The age at which a person becomes eligible to receive full Social Security retirement benefits.
Down
  1. 1. Exempt: Not subject to taxation.
  2. 2. Investment: An investment made with money that has not been subjected to taxation.
  3. 3. Partially retired, still working part-time or intermittently.
  4. 6. Rate: The percentage of the principal amount charged or paid for the use of money.
  5. 8. A federal health insurance program for people aged 65 and older and certain younger individuals with disabilities.
  6. 10. (Federal Insurance Contributions Act): The law that requires employers to withhold Social Security and Medicare taxes from employees' wages and pay a matching amount.
  7. 12. Occurring once every year.
  8. 14. Investment: An investment made with money that has already been taxed.
  9. 15. (Annual Percentage Yield): The effective annual rate of return taking into account the effect of compounding interest.
  10. 18. Interest: Interest calculated on the initial principal and also on the accumulated interest of previous periods.
  11. 20. The amount of money in an account.
  12. 21. The date on which a financial instrument, such as a bond or CD, becomes due for payment.