Across
- 1. the form that an employer must send to an employee and the IRS at the end of the year
- 5. a form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax
- 7. a direct tax levied by a state on your income
- 8. a monetary charge that your health insurance plan may require you to pay in order to receive a specific medical service or supply at a doctor's office
- 9. the amount of money you will pay in an insurance claim before the insurance coverage kicks in
- 12. a type of account where you typically only deposit money for the purpose of earning interest
- 13. an amount of money that can be offset against what is owed on taxes
- 14. the tax levied on both employers and employees to fund the Social Security program
- 15. a sum of money placed or kept in a bank account
Down
- 1. an act of taking money out of an account
- 2. a tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities
- 3. lower's a person's tax liability by lowering their taxable income
- 4. refers to an individual's income after taking taxes and deductions into account
- 6. an individual's total pay before taxes or other deductions
- 10. the amount of money that an individual or business must pay, usually monthly, for an insurance policy
- 11. a type of account where you can make regular deposits and withdrawals