Vocabulary

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Across
  1. 6. Things you pay money for
  2. 10. Hanging onto your money and not spending it
  3. 11. money given to the taxpayers if they overpay teh government
  4. 12. Insurance- Helps you pay for damage to your vehicle when wrecked or something.
  5. 13. Take money out of an account.
  6. 14. A score or grade that credit companies check when you buy something
  7. 15. Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships. It does not include welfare benefits and nontaxable Social Security benefits.
  8. 17. A record of your borrowing and paying habits.
  9. 19. The amount paid by a borrower to a lender
  10. 21. Requires you to invest money for a certain length of time with the same rate of return.
  11. 24. Withdraws from a savings account
  12. 25. Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. Also known as the Social Security tax.
  13. 26. An action taken to lessen tax liability and maximize after-tax income
  14. 27. An account that pays you interest for saving you money
  15. 28. taxes on incomes both earned and unearned
  16. 29. a tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit.
  17. 31. Math formula that determines the number of years needed to double your money
  18. 32. The next best opportunity that’s given up when a choice is made
  19. 33. The smallest amount you can pay
  20. 34. The difference between the total amount and the amount paid.
  21. 35. Amount the taxpayers claim for themselves and their families
Down
  1. 1. Money borrowed from a lender to buy something
  2. 2. Insurance on your house
  3. 3. Insurance on your life and health
  4. 4. Small booklets that come with your checkbook and makes you record your things.
  5. 5. includes social security adn medicare taxes
  6. 7. The rate of interest for a loan over a year
  7. 8. Buy it now and pay it off in the future.
  8. 9. A failure to pay or a deliberate underpayment of taxes
  9. 16. provides medical assistance for retired and disabled people who have certain qualifications
  10. 18. How quickly an asset can be turned into cash
  11. 20. A system that lets you freely report their income
  12. 22. To put money in an investment or bank.
  13. 23. the federal agency that collects income taxes in the united states
  14. 25. what the government collects to pay off the national debt
  15. 28. A type of plan that protects your stuff
  16. 30. Money or goods you owe.