Chapter 2: Income, Benefits & Taxes

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Across
  1. 4. Form completed when hired to determine federal income tax withholding
  2. 6. Forms of compensation in addition to salary and wages
  3. 8. The lowest pay rate allowed by law for each regular hour of work
  4. 10. A person who relies on you for more than half of their support
  5. 12. Money received from sources other than work
  6. 13. Money available to spend or save after taxes have been paid
  7. 15. Total salary or wages earned during a pay period
  8. 18. Money earned on savings accounts and other funds
  9. 19. Type of tax withholding that is considered direct and progressive, that is taken from paychecks or other income sources
  10. 20. A tax that is not a required deduction on an employee's paychecks; only if opted into
  11. 21. The amount of your paycheck after deductions are subtracted
  12. 23. A tax charged on the purchase of specific goods and services (luxury items)
Down
  1. 1. A wealth tax based on the assessed value of owned real estate
  2. 2. Form used to report taxable income a worker received during the calendar year
  3. 3. Paid time away from work due to illness
  4. 5. A tax that pays for medical care for retired persons age 65 and older
  5. 7. Payments made to shareholders from a corporation’s profits
  6. 9. Paid time away from work for personal reasons
  7. 11. Example of earned income that is subject to federal income tax
  8. 14. Form used to verify that you are legally eligible to work in the U.S.
  9. 16. Pay received for hours worked in addition to regular hours
  10. 17. A withholding tax that pays for Old-Age, Survivors, and Disability Insurance benefits
  11. 22. A tax levied as a percentage of the purchase price of goods and services sold to consumers