Across
- 3. Sources or amounts of income that are not taxed.
- 8. A type of account that can be opened with a small amount of money and allows you to make deposits and withdrawals. It pays a low rate of interest.
- 10. The money your employer withholds for federal income tax purposes is sent to the _____ _____ Service.
- 12. A form of investment that requires you to commit a minimum amount of money for a set period of time.
- 14. Vacation pay, sick leave, retirement funds, and insurance provided by employers.
- 15. The form that allows an employer to determine how much of an employee’s pay should be withheld for taxes.
- 16. A convenient type of investment for savings where the interest rate changes daily
- 17. A form of savings offered by the U.S. government, issued in specific denominations
Down
- 1. The income you accumulate before deductions are made.
- 2. Citizens of the United States who earn money must pay this type of tax, which is the amount deducted from taxable income.
- 4. The abbreviation for the act under which you pay Social Security taxes.
- 5. _____ income is the income you receive before deductions are taken from your pay.
- 6. Occurs when a check is written on an account with insufficient funds.
- 7. A type of check deposit service in which the employer’s payroll monies are electronically transferred into their employees’ personal checking or savings accounts.
- 8. Taxes collected to provide disability, survivors, and retirement benefits when needed.
- 9. Also called take-home pay, the _____ income is the amount of money left in your paycheck after deductions have been taken out.
- 11. A return on an investment paid according to a specified annual percentage of the amount of money in an account
- 13. A long-range savings plan designed to provide income after you stop working