PF Unit 3 Paystub & Taxes

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Across
  1. 5. acronym used to represent the rate of inflation
  2. 8. a type of tax applied to taxable earnings
  3. 10. a proposal to distribute a flat amount of benefits to individuals during retirement (3 words)
  4. 11. term used to describe a retired person choosing to collect social security after the age of 67 (2 words)
  5. 14. an increase in prices of goods and services
  6. 15. a type of tax structure that requires someone with higher income to pay a higher rate of tax for a portion of income
  7. 16. this money is removed from gross pay so that a smaller amount of income is taxable (2 words)
  8. 17. dues paid for membership in our society, used to fund things like road maintenance, government programs, and national defense
  9. 18. hours worked beyond 40 hours per week
  10. 20. type of mandatory tax used to secure income for workers who qualify for retirement (2 words)
  11. 23. term used to describe a retired person choosing to collect social security between the ages of 62 and 66 (2 words)
  12. 24. this acronym is used on your paycheck stub to represent social security and medicare taxes
  13. 25. the letter P in CPI stands for ___________
  14. 26. amount on your paycheck stub that is referred to as "take-home" pay; the actual amount that you can spend (2 words)
  15. 27. the total earnings for an employee before any deductions or withholdings (2 words)
Down
  1. 1. program that targets families of any age with low income to cover healthcare expenses for individuals and/or their children
  2. 2. term used to describe a retired person choosing to collect social security payments at the age of 67 (2 words)
  3. 3. type of mandatory tax used to secure funds for individuals over 65 to cover healthcare expenses
  4. 4. an employee earns these each time that they earn $1760 in income during 3 consecutive months within one calendar year
  5. 6. the amount of taxable income remaining after voluntary deductions (3 words)
  6. 7. acronym used for the trust fund designated for older Americans
  7. 9. this acronym is used to represent the department within the federal government that oversees the collection and distribution of social security funds
  8. 12. the president who is responsible for enacting the Social Security Act in 1935
  9. 13. the lowest dollar amount that an employer is allowed to pay an employee (2 words)
  10. 19. a range of income tax dollars that have different percentages used to calculate federal and state taxes (2 words)
  11. 21. the amount of earnings that is used to calculate an employee’s federal, state and FICA taxes (2 words)
  12. 22. acronym used for the trust fund designated for Americans with disabilities