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