Across
- 3. Working less than forty hours a week
- 4. The total amount of money you earn before any taxes or other deductions are taken out.
- 6. Working forty hours a week
- 9. Money taken out of your gross pay before your taxes are calculated. This lowers the amount of your pay that gets taxed. (Examples: health insurance, 401(k) retirement plan).
- 10. Money taken by your state government to pay for things like schools, roads, and state police. (Note: Not all states have an income tax).
Down
- 1. Your "take-home pay." This is the amount of money you actually receive after all deductions have been subtracted from your gross pay.
- 2. A record of your salary and deductions
- 5. All the money taken out of your gross pay. This includes taxes, insurance payments, and retirement savings.
- 7. Income Tax Money taken by the U.S. federal government to pay for things like the military, national parks, and other government programs.
- 8. A savings plan for when you stop working (retire). A common example is a 401(k), where money is taken directly from your paycheck.