Chapter 4 Vocabulary

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Across
  1. 3. The portion of your earnings that is automatically taken out to pay federal income taxes.
  2. 4. A business model where ownership and responsibilities are shared by two or more individuals.
  3. 6. What is the strategy or activity involved in promoting and selling products or services?
  4. 8. The least amount of money you can legally be paid per hour of work.
  5. 12. This document is crucial for legally starting your own company
  6. 14. The total earnings before any deductions like taxes or insurance.
  7. 16. The amount left in your paycheck after all deductions, like taxes, have been taken out.
  8. 17. This business type is owned and managed by one person who may or may not hire others.
  9. 18. What happens when jobs are lost due to company closure, relocation, or lack of work?
Down
  1. 1. A person who takes the initiative and risk to start and manage a new business venture.
  2. 2. This type of business structure can limit personal liability for its owners.
  3. 5. Individuals or companies hired on a temporary basis to perform specific tasks for a larger project.
  4. 7. What do you face when multiple businesses aim to attract the same customers?
  5. 9. A document summarizing your qualifications and experience when applying for jobs.
  6. 10. What is the term for the money you can spend freely after covering all necessary expenses?
  7. 11. A deduction from your paycheck that contributes to a national healthcare program for the elderly.
  8. 13. This payroll deduction contributes to a federal program that provides benefits for retirees and disabled workers.
  9. 15. This modern economy allows people to earn money by performing short-term, flexible jobs, often through apps.
  10. 19. Who are the people that work for a company in exchange for wages or salary?