Quest for Success Unit 6

3. the loss of potential gain from other alternatives when one alternative is chosen
6. tax levied by a government directly on income, especially an annual tax on personal income
8. a person who purchases goods and services for personal use
10. the process of comparing the price of different products or services
11. an estimate of income and expenditure for a set period of time
12. the cost required for something; the money spent on something
13. a tax on sales or on the receipts from sales
14. a general increase in prices and fall in the purchasing value of money
15. the total amount of money being transferred into and out of a business or household
20. an individual's income after taking taxes and deductions into account
21. expenses that can change depending on your use of products or services; they are somewhat unpredictable
22. a process by which business decisions are analyzed, the benefits of a given action are summed, and then the costs associated with that action are subtracted
23. money received, especially on a regular basis, for work or through investments
24. a requirement, necessary duty, or obligation
25. a federal insurance program that provides benefits to retired people and those who are unemployed or disabled

1. the financial ability to buy products and services
2. the tax is levied by the governing authority of the jurisdiction in which the property is located
4. financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score
5. a reduction in the value of an asset with the passage of time
7. an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
9. a person who is employed to provide financial services or guidance to clients
16. an individual's total pay before accounting for taxes or other deductions
17. the federal health insurance program for people who are 65 or older; certain younger people with disabilities
18. have a desire to possess or do (something) or wish for
19. a person who relies on another, especially for financial support (usually a family member)
24. Gross wages or gross salaries minus withholdings for payroll taxes and other items such as insurance