unit 5

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Across
  1. 8. Money allocated for paying off the national debt held by the public.
  2. 10. the total amount of money the U.S. government spends every year
  3. 12. Total amount of money the government collects every year.
  4. 17. The percentage (%) of your income taxed decreases as your income increases
  5. 20. Taxes collected to fund social insurance programs such as social security, medicare, unemployment insurance, etc.
  6. 21. Part of FICA that provides healthcare to seniors regardless of income
  7. 23. mandatory contributions levied on individuals or corporations by a government entity
  8. 25. Taxes collected based on the profits of U.S. corporations.
  9. 26. Spending for entitlement programs.
  10. 27. Taxes paid on purchases.
  11. 28. A sales tax on specific items like gas, tobacco, and alcohol
  12. 29. Taxes paid to the national government as a percentage of corporate profits.
  13. 30. Taxes collected from U.S. citizens based on their individual income
Down
  1. 1. 3rd step to Creating the Federal Budget
  2. 2. (FY)
  3. 3. Spending subject to the appropriations process.
  4. 4. 1st step to Creating the Federal Budget
  5. 5. Taxes = Spending
  6. 6. 2nd step to Creating the Federal Budget
  7. 7. Taxes > Spending
  8. 9. Federal tax paid by the person who gives a gift.
  9. 11. Is an annual plan outlining proposed revenues (from taxes) and expenditures (spending) for the coming fiscal year
  10. 13. Tax covered by FICA
  11. 14. State and Local tax of the value of property
  12. 15. The percentage (%) of your income taxed is the same for all income levels
  13. 16. Taxes < Spending
  14. 18. Taxes on imports that are paid by the importer
  15. 19. 4th step to Creating the Federal Budget
  16. 22. The percentage (%) of your income taxed increases as your income increases.
  17. 24. 5th step to Creating the Federal Budget