Chapter 2 Crossword

3. Amount something is worth in money alone.
5. Relate to the number of dependents a person has and reduce the amount of taxes withheld from a paycheck.
8. Anything of value offered or provided to employees in addition to wages; also called fringe benefits.
10. Child or other person whom an individual is supporting financially.
12. Payment for taking on additional work duties or for completing work-related classes.
13. Payment employees make for the cost of benefits.
14. Percentage of the employee’s gross pay that is withheld from each paycheck.
15. Same rate of taxation paid by all taxpayers, regardless of income level; also called flat tax.

1. Contributes to retirement and disability benefits.
2. Any cost an employee has to pay because of the job he or she was hired to do.
3. Federal health insurance program for people over 65 years of age.
4. The more a person makes, the higher the rate of taxation.
6. Anything of value that is offered or provided to employees in addition to wages; also called employee benefits.
7. Adjustment to income that comes after the adjusted gross income is determined.
9. Final calculated amount of a paycheck after federal taxes, FICA taxes, and state taxes are withheld; also called take-home pay.
11. Increase in pay.