Across
- 4. credits credits that you earn when you work and pay social security taxes
- 8. of Deposit a certificate that states you have a specific sum on deposit and guarantees the payment of a fixed interest rate until Maturity
- 9. "average percentage yield" is an annual rate of interest that takes into account the effect of compounding
- 10. also known as the balance, is the amount of money in a bank account
- 12. 4 times per year
- 16. the nation's largest health insurance program for people 65 years of age and older and some disabled people under age 65
- 17. to continue to work at a part-time job, out of choice or necessity
- 20. when money is not taxed upon earnings but is taxed when it is withdrawn later in life
- 22. every day
Down
- 1. interest is compounded once a year
- 2. individual retirement account
- 3. interest money earned on money deposited plus previous interest
- 4. interest Only the original principal is added to the account
- 5. security provides income for people after they retire, pays benefits to disabled workers pays death benefits to serving family members
- 6. investment this is money that is deducted from your income after taxes have been deducted
- 7. Federal insurance contributions act.-social security and medicare taxes
- 11. investment a deposit made to a retirement account that is taken out of your wages before taxes have been calculated and deducted
- 13. exempt money that is free from taxes
- 14. twice a year
- 15. rate the proportion of the balance that will be paid by the bank
- 18. the date when a bond's principal is repaid with interest
- 19. the point in a person's life when they stop working
- 21. retirement age if you were born 1943- 1954, 66 is the full retirement age. For anyone born in 1960 or later, the full retirement age is 67.