Across
- 2. Someone who hires people, owns businesses
- 6. The value of the next best alternative that must be forgone as a result of a decision
- 8. Money spent on something
- 9. Someone who works for someone else
- 10. Outlines the deductions made to wages
- 11. When income is less than expenses
- 12. Amount of money left once all deductions have been taken from the gross income
- 14. Includes rent or home and loan payments, property taxes, home insurance, and maintenance and repairs
- 15. A desire for something that we think will increase our quality of life
- 17. The portion of current income not spent on consumption
- 18. Something required to live
- 20. Saving money over time for a large purchase
Down
- 1. Income earned before any deductions
- 3. A person who relies on someone else for financial support
- 4. Money received
- 5. A fundamental belief or practice about what is desirable, worthwhile, and important to a person
- 7. Total tax bill
- 11. When income is greater than expenses
- 13. A payment applied to the balance of a loan, used when purchasing houses
- 16. Giving up one thing for another
- 19. A financial product that transfers risk from an individual to an insurance company or organization