Across
- 4. A social insurance program that provides health care coverage for those who are 65 years of age and above, or younger people with disabilities.
- 6. A state sponsored, tax advantaged investment account designed to help families save for education expenses.
- 7. The exchange of goods & services for money or value.
- 9. The permanent withdrawal from an active career, typically due to old age.
- 11. The total money an individual/household has left after paying federal, state, and local taxes as well as any further deductions.
- 13. A mandatory financial charge imposed by a state government on individuals, businesses, or transactions within state borders.
- 15. Money, value, or profit a person or business earns in exchange for their labor.
- 16. A levy imposed by the national government (The IRS) on individual earnings, corporate profits, and particular goods & services to fund public services.
- 17. A sponsored retirement savings plan from an employer that is available to employees of public schools, universities, churches, hospitals, and certain 501(c)(3) tax-exempt organizations.
- 18. A set of forms submitted to a government agency (IRS) to report annual income, claim deductions and credits, and calculate the total tax liability.
- 19. An expense or allowance subtracted from gross/adjusted gross incomes to lower the total amount income that is subject to taxes.
- 23. An individual retirement account funded with after-tax dollars.
- 25. An individual who relies on someone else for financial support, typically a relative or a child.
- 27. Legal freedom or immunity that relieves specific individuals, organizations, income streams, or transactions from a financial obligation.
- 28. The profit made when selling a capital asset (stocks, bonds, real estate, personal property, etc) for more than its adjusted cost basis.
Down
- 1. The total money a business earns from selling goods & services before any expenses are subtracted.
- 2. Money, property, or assets passed down to an heir or a beneficiary after someone passes away.
- 3. A joint federal-state public health insurance program in the United States that provides free/low cost medical coverage to eligible individuals.
- 5. Money left over after paying taxes and essential living expenses.
- 8. A special tax levied on specific goods manufactured and sold within a specific country.
- 10. A document from employee to employer that states how much federal tax to withhold from a paycheck so the correct amount goes to the government before the tax deadline.
- 12. A mandatory financial charge or levy imposed by a government on individuals, businesses, or property to fund public services and government operations.
- 14. Anything legally owned by an individual or entity.
- 17. A sponsored retirement savings plan from an employer that lets workers invest a portion of each paycheck into mutual funds or other assets with special tax advantages.
- 20. Everything you own or a large piece of property.
- 21. An employer sponsored tax advantage financial account that allows for employees to set aside pre-tax earnings from their paycheck to pay for qualified dependent care expenses.
- 22. A U.S. federal program that is a social insurance safety net funded by payroll taxes.
- 24. A regular ongoing payment that goes to a person after retirement.
- 26. A personal retirement savings account that allows you to contribute pre-tax or after-tax dollars