Across
- 2. Types of plans that can help protect you from an event in life that costs a large amount of money.
- 4. A tax on personal income. Provides for national programs such as defense, foreign affairs, law enforcement, and interest on the national debt.
- 7. Rate The rate of interest being charged for a loan over a year’s time. The APR rate includes interest, transaction fees, and service fees.
- 8. An action taken to lessen tax liability and maximize after-tax income.
- 9. owed to taxpayers when their total tax payments are greater than the total tax. Refunds are received from the government.
- 12. A failure to pay or a deliberate underpayment of taxes.
- 13. A record of your borrowing and paying habits. Credit reporting companies track your history and supply this information to credit card companies, banks, and other lenders.
- 16. Act (FICA) Tax Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents.
- 23. A loan that enables people to buy something now and to pay for it in the future.
- 25. A tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit.
- 26. Service (IRS) The federal agency that collects income taxes in the United States.
- 27. To put money into a bank or investment account.
- 28. Money or goods you owe.
- 29. Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships.
Down
- 1. Used to provide medical benefits for certain individuals when they reach age 65.
- 3. Insurance so that people have the money to fix or replace their home and its contents.
- 5. A small booklet comes with your checkbook and gives you record sheets so that you can keep track of all the deposits.
- 6. Completed by the employee and used by the employer to determine the amount of income tax to withhold.
- 10. Include Social Security and Medicare taxes.
- 11. or Score A score or grade that credit companies assign to you based on how you handle your money and pay your bills.
- 14. Amount that taxpayers can claim for themselves, their spouses, and eligible dependents.
- 15. A system of compliance that relies on individual citizens to report their income freely and voluntarily, calculate their tax liability correctly, and file a tax return on time.
- 16. Completed by the employer.
- 17. The plastic card that is used to withdraw money from a savings or checking account.
- 18. Taxes on income, both earned and unearned.
- 19. A type of investment that requires you to invest money for a certain time and guarantees the same rate of return for that entire time.
- 20. This insurance helps you pay for damage you cause as a result of an accident to people or property, medical expenses you may have and the cost of fixing your car. It will also pay all these expenses if someone hurts you or your car and they do not carry insurance themselves.
- 21. Insurance bought to help people pay for medical expenses.
- 22. How quickly an asset can be turned into cash.
- 24. The amount paid by a borrower to a lender for the privilege of borrowing the money.
- 25. Things you pay money for- both needs and wants.