Across
- 4. government spending that is required by current law
- 7. a tax that takes the same percentage of income from all taxpayers regardless of income level
- 8. a tax that takes a larger percentage of income from low-income earners than from high-income earners
- 9. an amount the insured owes when an insured receives health care
- 15. the amount of interest you pay, depending on the length of the loan, abbreviated to APR
- 19. an amount paid for insurance, typically monthly
- 20. a number that summarizes a consumer’s credit worthiness
- 22. a form used to report income and taxes owed to the government
- 24. spending that the government must authorize each year
- 26. a mandatory payment to a local, state, or national government
- 27. a business composed of companies that produce unrelated goods or services
- 30. a tax based on a corporation’s profits
- 32. a person who assumes responsibility for the debt if the borrower fails to repay the loan
- 33. a corporation that controls who can buy or sell its stock
- 36. the practice of buying goods or services now and paying for them in the future
- 37. the amount of money needed in an account to avoid fees
- 38. the amount the insured pays before the insurance company pays
Down
- 1. a business owned by shareholders, also called stockholders, who own the rights to the company’s profits but face only limited liability for the company’s debts and losses
- 2. borrowed money that is usually repaid with interest
- 3. a tax based on an individual’s income from all sources
- 5. a tax on the production or sale of a specific good or service
- 6. a budget in which total government revenue is equal to total government spending
- 10. a tax that places a higher percentage rate of taxation on high-income earners than on low-income earners
- 11. a tax based on the value of goods or services at the time of sale
- 12. an enterprise that produces goods or provides services, usually to make a profit
- 13. a share of ownership in a corporation that gives the holder voting rights and a share of profits
- 14. a request to an insurance company for payment on an insured loss
- 16. a corporation that issues stock that can be freely traded
- 17. an institution that acts like a business but exists to benefit society rather than to make a profit
- 18. a business made up of semi-independent businesses that all offer the same products or services
- 21. a statement by a credit bureau that details a consumer’s credit record
- 23. a tax based on the value of an individual’s or a business’s assets
- 25. the portion of income subject to taxation after all deductions and exemptions
- 28. a business owned and controlled by one person
- 29. a government-run medical insurance program for low-income people
- 31. government income from taxes and nontax sources
- 34. a card one can use like an ATM card to withdraw cash or like a check to make purchases
- 35. the part of a corporation’s profit that the company pays the stockholders