Personal Finance Review Vocab

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Across
  1. 3. Record of your borrowing and paying habits
  2. 5. Amount paid for borrowing money
  3. 7. A system of compliance that relies on individual citizens to report their income, calculate their tax liability, and file a tax return on time
  4. 9. Investment that can be turned into cash
  5. 10. insurance To help pay for medical expenses
  6. 11. Completed by the employee and used to determine the amount of income tax to withhold
  7. 14. Loan that allows people to buy something now and pay for it later
  8. 15. Put money into a bank or account
  9. 16. Card used to withdraw money from a checking account
  10. 17. Social security and Medicare tax
  11. 21. Rate of interest being charged for a loan
  12. 25. Failure to pay or deliberate underpayment of taxes
  13. 26. Federal agency that collects income taxes in the US
  14. 27. Amount a taxpayer can claim for themselves, their spouses, and dependents.
  15. 28. Using other things to lessen taxes
Down
  1. 1. Things you pay money for
  2. 2. Guarantees an interest rate if you leave money for a set time.
  3. 4. Money or goods you owe
  4. 6. Taking money out of an account
  5. 8. Money owe to taxpayers when their total payment are greater than the total tax
  6. 11. Federal government levies a tax on personal income
  7. 12. Used to provide medical benefits for individuals upon reaching age 65
  8. 13. A record sheet to track your balance
  9. 18. to have the money to fix or replace their home and its contents
  10. 19. Difference between amount owed and paid, all of the money that went in or out of an account, and amount in your savings account
  11. 20. Plan to protect you from costly situations
  12. 21. Help pays for damage caused in a car accident
  13. 22. Grade that is assigned based on how you handle your money
  14. 23. Taxes on income both earned and unearned
  15. 24. Money, goods, and services that one must claim on their taxes