07.00 Taxes & Tariffs

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Across
  1. 5. Money collected by the government to fund public services.
  2. 7. A tax on business profits.
  3. 9. The amount of money an employer takes from a paycheck for taxes.
  4. 11. A tax added to the purchase of goods and services.
  5. 13. A tax on imported or exported goods.
  6. 14. A tax paid on land, homes, and buildings.
  7. 15. The total money collected by the government from taxes.
  8. 16. Money earned from work or investments that is subject to taxation.
  9. 17. The process of submitting a tax return to the government.
  10. 18. A legal seizure of property to satisfy unpaid taxes.
Down
  1. 1. A tax system where higher incomes are taxed at higher rates.
  2. 2. The government agency responsible for collecting taxes
  3. 3. Taxes taken out of wages to fund Social Security and Medicare.
  4. 4. A tax system where low income individuals pay a higher % of their income.
  5. 6. Expenses subtracted from taxable income to reduce tax liability.
  6. 8. A tax benefit that reduces taxable income, often for dependents.
  7. 9. A form employees fill out to determine tax withholding.
  8. 10. Day The deadline for filing income taxes in the U.S.
  9. 12. A tax on specific goods like gasoline, alcohol, and tobacco.
  10. 15. Money returned to a taxpayer if they paid more than owed.