Taxes Vocabulary Crossword

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Across
  1. 5. Money your employer takes from your paycheck for taxes.
  2. 6. Document detailing gross pay, taxes withheld, and net pay. (Note The text sometimes uses the two-word "pay stub," but "PAYSTUB" is standard for crossword entries ).
  3. 7. Spending required by law for programs like Social Security.
  4. 8. Money given back to you if you overpaid your taxes.
  5. 11. A fixed dollar amount that lowers your taxable income (Standard Deduction).
  6. 13. Spending the government must approve annually, like education.
  7. 14. Total take-home pay after all deductions have been subtracted.
  8. 15. An official request for more time to file a tax return, usually until October.
Down
  1. 1. Total earnings before taxes and other deductions are removed.
  2. 2. Tax (Self-Employment Contributions Act) that self-employed people pay for Social Security and Medicare.
  3. 3. Payroll taxes (Federal Insurance Contributions Act) that fund Social Security and Medicare.
  4. 4. The act of sending your completed tax return to the IRS.
  5. 6. Tax system where the tax rate increases as income increases.
  6. 7. Federal health insurance program for seniors funded by FICA taxes.
  7. 9. Tax system where all taxpayers pay the same percentage.
  8. 10. Any amount taken from your gross pay for taxes or benefits.
  9. 12. A person supported financially who allows a tax benefit.