Unit 4 Vocab

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Across
  1. 2. Someone who relies on someone else for financial support
  2. 6. Similar to a ROTH IRA but it is tax-deductible
  3. 8. An account that lets you set aside parts of your income to help pay for mandatory expenses
  4. 11. The tax applied to things like land and buildings
  5. 13. Taxes paid to the state government
  6. 18. A retirement account that offers employee support and contributions
  7. 19. The tax applied to someone when they die and have their belongings inherited by their successors
  8. 20. Remaining income after all mandatory payments have been applied
  9. 21. A document that records your taxes
  10. 22. A retirement account that is tax-free
  11. 24. Getting rid of money from your paycheck so you don't have to pay as much taxes
  12. 26. Tax that helps the government pay for the manufacturing of certain consumer goods
  13. 28. When someone officially quits working and starts to live off of their assets
Down
  1. 1. A government healthcare program made for people 65 years or older
  2. 3. Taxes paid to the federal government
  3. 4. The amount of money gained by selling property or an investment
  4. 5. Money given to someone after one of their relatives, usually their parents, dies
  5. 7. Government tax levied based on how much money someone makes
  6. 9. Money spent at the discretion of the government
  7. 10. Money given to states to help provide healthcare to people with low incomes
  8. 12. A plan that allows for tax advantages to save for future education
  9. 14. The tax that is added to prices when a consumer buys something
  10. 15. The amount of income a business receives from doing what it normally does
  11. 16. A retirement account specifically designated for public school workers and other tax-exempt jobs
  12. 17. A form that shows employers how much money should be withheld from a paycheck
  13. 19. The amount of money that can be deducted from someone's income
  14. 23. A payment offered to a retired person based on how much they have worked in their life
  15. 25. Money that people have to pay to local, state, or federal governments
  16. 27. Programs that provide financial benefits to people, like retired people and disabled people