Across
- 2. a system of taxation where one tax rate is applied to all personal income with no deductions.
- 3. the pay received by an employee after the deduction of taxes and other obligations.
- 5. contains important information that you need to complete your tax return.
- 6. Flexible Spending Account
- 7. a person who relies on another, especially a family member, for financial support
- 10. The failure to pay or a deliberate underpayment of taxes
- 14. a specific dollar amount that reduces the amount of income on which you're taxed.
- 15. used by U.S. taxpayers to file an annual income tax return
- 17. a dollar-for-dollar reduction of your income
- 18. An action taken to lessen tax liability and maximize after-tax income.
- 19. the amount of an employee's pay withheld by the employer and sent directly to the government as partial payment of income tax.
- 20. a tax paid on property owned by an individual or other legal entity, such as a corporation
Down
- 1. refers to the base upon which an income tax system imposes tax.
- 4. is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes.
- 8. the process of exempting a person from paying taxes on a specified amount of income for themselves and their dependents.
- 9. a check for salary or wages made out to an employee.
- 11. The Internal Revenue Service
- 12. break down (a whole) into its constituent parts
- 13. tax levied by a government directly on income, especially an annual tax on personal income.
- 16. a range of incomes taxed at a given rate