Across
- 4. A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
- 9. The sticker price for the academic portion of your college expenses, which does not include room and board, textbooks, or other fees
- 10. When someone steals your personal information to commit fraud such as applying for credit, filing taxes, or obtaining medical services
- 12. The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time
- 14. Money set aside for unanticipated expenses or loss of income
- 16. A type of higher learning school that focuses on job skill training for specific career fields rather than academics in liberal arts
- 18. A legal proceeding carried out to allow individuals or businesses freedom from their debts, while simultaneously providing creditors an opportunity for repayment
- 19. Automatic Teller Machine. Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.
- 21. A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
- 27. Total earnings after payroll taxes and other deductions have been taken out; also called take-home pay
- 30. A category that defines the type of tax return an individual will use, primarily based on marital status; it also determines the size of your tax brackets and how much of your income is taxed at each rate
- 33. Cost of housing and food while at college
- 34. The amount of time you have to repay your entire loan
- 37. A type of aid primarily awarded for academic merit (good grades) or for something you have accomplished (volunteer work, athletics, etc) that does not need to be repaid
- 39. The most commonly used credit score
- 40. Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes
- 41. The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare; often used when comparing how expensive it is to live in one city versus another
- 42. A range of income amounts that are taxed at a particular rate
- 44. A collection of stocks and/or bonds combined into one fund which will be traded as a unit, typically chosen and actively managed by an "expert" in exchange for a fee from each investor
- 45. A card that allows the holder to make purchases without cash by borrowing money
- 47. A form of property insurance, available to renters, that covers losses to their personal property and protects the insured person from liability claims
- 48. A fixed amount that you are paid over a period of time, regardless of how many hours you work
- 49. A form completed by an employee to indicate his or her tax situation (exemptions, marital status, etc.) to the employer, who then withholds the corresponding amount of taxes from each paycheck
- 52. Student aid coming from the state or federal government, the school, or from private sources that does not need to be repaid
- 54. A measurement of your assets (money you've saved or things of value you own) minus your liabilities (money you owe others); also called net worth
- 56. A general increase in prices and fall in the purchasing value of money
- 58. Any items subtracted from your paycheck, including state and federal income taxes, Social Security, health insurance or 401(k) contributions
- 61. A share of the value of a company, which can be bought, sold, or traded as an investment and which gives the investor small partial ownership of the company
- 63. A monthly document prepared by your financial institution which shows all of the transactions related to your account
- 64. A retirement savings plan, sponsored through your employer who will often match your contributions, that allows an individual to save for retirement and have the savings grow while deferring taxes until funds are withdrawn
- 65. Rate The actual rate you pay on your taxes, as a percentage of your overall income
- 66. Training that is focused on hands-on work that prepares you for skilled trades, like plumbing, cosmetology or car repair
- 67. A payment method that allows you to pay for purchases over time by dividing the purchase amount into smaller equal payments, often with interest and additional fees; also known as Buy Now Pay Later plans
Down
- 1. The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes
- 2. A three-digit number (ranging from 300-850) based on an individual's credit history detailed in a credit report
- 3. The paying off of debt over time in equal installments; part of each payment goes toward the loan principal while the other part goes toward interest
- 5. A type of scam in which personal information is requested, typically through an illegitimate email
- 6. A document attached to every paycheck that details your earnings and the amount withheld for taxes, health insurance, retirement funds, etc.
- 7. A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
- 8. (FICA) A federal law that requires an employer to withhold taxes from the wages they pay their employees; the funds go toward Social Security and Medicare
- 11. The largest form of student aid in the country; federal aid programs come in the form of government grants, loans, and work-study opportunities
- 13. (CD)A bank product that earns interest on a lump-sum deposit that's untouched for a predetermined period of time
- 15. A fixed dollar amount that you agree to pay each time you receive medical treatment, such as a doctor's visit or prescription
- 17. A partial payment made in cash at the beginning of the purchase of a good or service, while the remaining balance is due later or is financed as part of a loan
- 20. (FAFSA)A free online application that current or prospective college students can submit each year to determine their eligibility for financial aid
- 22. A cost that can be expected at regular intervals and that remains the same amount (e.g., monthly rent payment)
- 23. A cost that appears irregularly or that changes in amount (e.g., utility bills)
- 24. A plan of your expected income and how you will use it to meet your expected expenses over a period of time
- 25. The ratio of money gained or lost on an investment relative to the amount of money invested; also known as return on investment (ROI)
- 26. A document with information about a person's credit activity and history
- 28. Total expense of going to college which may include tuition, room and board, fees, books and supplies, transportation, health insurance, etc. Also known as Sticker Price or a school's published price.
- 29. Total earnings before any deductions are taken
- 31. (APR) The cost you pay each year to borrow money, including fees, expressed as a percentage
- 32. The amount you earn as a benefit of depositing money in an interest bearing account/Reinvesting earned interest back into the principal to allow money to grow exponentially over time
- 35. The percentage at which taxes are paid on each dollar of income
- 36. An automatic electronic deposit of net pay to an employee's designated bank account
- 38. Costs that have already been incurred and cannot be recovered
- 43. A form of property insurance, available to property owners, that covers losses to the physical structure as well as to their personal property and protects the insured person from liability claims
- 46. An illicit business model where profits are based on the investor's ability to recruit other individuals who are enrolled to make payments to their recruiters. Generally, neither a product or service is delivered.
- 50. A tax system that uses tax brackets to collect a larger percentage from the income of high-income earners than it does from low-income earners
- 51. The tax bracket that your highest dollar of income falls into, and therefore the highest tax rate you pay
- 53. The amount of income that is used to calculate an individual's or a company's income tax due
- 55. Taxes paid by employees to federal and state government through a direct deduction from their paycheck
- 57. The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
- 59. An agreement where you make regular payments to a company and the company promises to pay you money if you suffer a specified injury, illness, loss, etc.
- 60. A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy
- 62. The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns