Across
- 4. branch of the U.S. Treasury Department that collects taxes
- 5. federal program of disability and retirement benefits that covers most working people
- 6. Tax paid to the state government, taken directly out of people's paychecks.
- 7. A program added to the Social Security system in 1965 that provides hospitalization insurance for the elderly and permits older Americans to purchase inexpensive coverage for doctor fees and other health expenses.
- 8. Annual Gross Pay - Personal Exemptions
- 10. a set amount that taxpayers may subtract from their gross income for themselves, their spouse, and any dependents
Down
- 1. reductions in price given to final consumers, customers, or channel members for doing something or accepting less of something
- 2. A pay deduction required by law that supports the federal government.
- 3. Federal Insurance Contributions Act; tax levied on both employers and employees to pay for Social Security and medicare
- 7. An indicator of whether an individual is single or married, often used to help determine tax or insurance rates.
- 9. the total amount of an employee's earnings before deductions are taken out