Taxes

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Across
  1. 1. federal health insurance program for: People who are 65 or older.
  2. 3. reports wages paid to employees and the taxes withheld from them
  3. 4. Federal Income Tax
  4. 7. imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
  5. 9. lowers a person's tax liability by lowering his taxable income.
  6. 10. income before taxes and deductions
  7. 11. one and one-half (1.5) times regular pay.
  8. 15. a list of a company's employees and the amount of money they are to be paid.
  9. 16. an exemption that reduces how much income tax an employer deducts from an employee's paycheck
  10. 18. used to record an employee's starting and quitting times
  11. 19. State Unemployment Tax Act
  12. 20. a fixed regular payment, typically paid on a daily or weekly basis
  13. 21. take home pay
Down
  1. 2. amount of money an employee earns when they sell something
  2. 3. federal income contribution act
  3. 5. federal unemployment tax act
  4. 6. holding account used to track the balance of the employer contributions to payroll taxes, including social security, Medicare and unemployment insurance payments.
  5. 8. the electronic transfer of a payment directly from the account of the payer to the recipient's account.
  6. 12. recurring length of time over which employee time is recorded and paid.
  7. 13. the document that records all of the details about employees' payroll during a period.
  8. 14. a sum to be deducted from gross income in the calculation of taxable income
  9. 17. value of the financial assets on which tax can be imposed.
  10. 19. a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.