Unit 4 Vocabulary

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Across
  1. 4. Taxes imposed on imported goods
  2. 5. Tax paid by the giver of gists worth more than $12,000
  3. 10. A number that you calculate on a form W4 that reduces the amount withheld from your pay
  4. 11. A statement of the interest your bank paid on your savings that year
  5. 13. Amount you earn before taxes are withheld
  6. 15. Tax added to the pricee of goods and services at the time of purchase
  7. 16. A set of forms that taxpayers use to calculate their tax obligation
  8. 20. Federal law that requires workers and their employers to contributw to Social Security and Medicare
  9. 22. Tax on the value of real estate
  10. 23. Recurring pattern of ups and downs in a nations business activity
  11. 24. A summary of your earnings and your bank paid on your savings that year
  12. 25. Tax on property received by the egal heirs when someone dies
Down
  1. 1. Goods and services provided by the government that benefit all Americans
  2. 2. Employer deductions from employees' earnings to pay employees' tax
  3. 3. Amount you recieve after withholdings are subtracted from your gross pay
  4. 6. Federa agency responsible for collecting income
  5. 7. All the wages,tips, and interest on which you pay taxes
  6. 8. Taxes you pay on most types of income you receive
  7. 9. Tax included in the price of certain goods and services
  8. 12. A unique number assigned to you by the federal government. No one else has this number
  9. 14. A form that you fill out to provide the information your employer needs to determine the proper amount to withhold from your paycheck
  10. 17. For tax purposes, the people you support financially
  11. 18. A share of your workers' earnings paid to the government by workers and their employers
  12. 19. The simplest of the basic income tax forms
  13. 21. Any expenses you can legally subtract from your income when figuring out your taxes