Economics Vocabulary

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Across
  1. 2. Security the term used for the Old-Age, Survivors, and Disability Insurance (OASDI) program in the United States, run by the Social Security Administration (SSA), which is a federal agency.
  2. 4. tax a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases.
  3. 7. a United States federal payroll contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
  4. 10. tax a tax in which the tax rate increases as the taxable amount increases
  5. 12. incentive an aspect of a country's tax code designed to incentivize or encourage a particular economic activity by reducing tax payments for a company in the said country.
  6. 14. base total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority.
  7. 15. the income that a firm receives from the sale of a good or service to its customers.
  8. 16. tax an ad valorem tax on the value of a property. In the OECD classification scheme, this includes households recurrent taxes on immovable property and net-wealth, taxes on estate, inheritance and gifts, and taxes on financial and capital transactions.
Down
  1. 1. refusal to give something that is due or desired.
  2. 3. return documentation filed with a tax authority that reports income, expenses, and other relevant financial information
  3. 5. tax income is a tax levied on the wages, salaries, dividends, interest, and other income a person earns throughout the year.
  4. 6. tax a tax on sales or on the receipts from sales.
  5. 8. income tax a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities
  6. 9. income refers to the base upon which an income tax system imposes tax.
  7. 11. tax a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
  8. 12. imposition of compulsory levies on individuals or entities by governments.
  9. 13. of a tax the effect of a particular tax on the distribution of economic welfare.