Unit 6 Vocab

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Across
  1. 3. the tax is levied by the governing authority of the jurisdiction in which the property is located
  2. 4. a person who purchases goods and services for personal use
  3. 7. a general increase in prices and fall in the purchasing value of money
  4. 9. expenses that can change depending on your use of products or services; they are somewhat unpredictable
  5. 12. a requirement, necessary duty, or obligation
  6. 13. the cost required for something; the money spent on something
  7. 14. money received, especially on a regular basis, for work or through investments
  8. 19. a person who relies on another, especially for financial support
  9. 20. a federal insurance program that provides benefits to retired people and those who are unemployed or disabled
  10. 22. a tax on sales or on the receipts from sales
  11. 23. the federal health insurance program for people who are 65 or older; certain younger people with disabilities
  12. 24. a person who is employed to provide financial services or guidance to clients
  13. 25. financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score
  14. 26. an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
Down
  1. 1. have a desire to possess or do (something) or wish for
  2. 2. the loss of potential gain from other alternatives when one alternative is chosen
  3. 5. an individual's income after taking taxes and deductions into account
  4. 6. a process by which business decisions are analyzed, the benefits of a given action are summed, and then the costs associated with that action are subtracted
  5. 8. the process of comparing the price of different products or services
  6. 10. tax levied by a government directly on income, especially an annual tax on personal income
  7. 11. a reduction in the value of an asset with the passage of time
  8. 15. the financial ability to buy products and services
  9. 16. an estimate of income and expenditure for a set period of time
  10. 17. the total amount of money being transferred into and out of a business or household
  11. 18. an individual's total pay before accounting for taxes or other deductions
  12. 21. Gross wages or gross salaries minus withholdings for payroll taxes and other items such as insurance