Unit 3: Financial Literacy

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Across
  1. 4. money earned or received
  2. 5. tax Money collected by an employer from an employee’s salary based on the employee’s income that is paid to the federal government on behalf of the employee as required by law.
  3. 7. A specific time or instance when money changes hands
  4. 10. income The income that remains after taxes and other deductions are taken from an individual’s gross income
  5. 11. to subtract from a total
  6. 13. money taken out of a checking or savings account
  7. 15. card A card that can be used to borrow money from financial institutions, stores, or other businesses in order to buy products and services on credit
  8. 16. A small table to track deposits added to account, expenses withdrawn from account, and current available balance
  9. 19. A written document telling the financial institution to pay a specific amount of money from your account to a specific person or organization
  10. 20. tax The amount of money collected from the property owner based on the value of a property for the local government as required by law
  11. 21. To reconcile your budget or account statement with your check register to make sure the records match and are accurate
  12. 22. A monthly or yearly spending and savings plan for an individual, family, business, or organization
Down
  1. 1. records A formal record of the transactions made by a person, business, or other organization
  2. 2. income The total amount of personal income prior to taxes and deductions
  3. 3. payment Payments using security features on the internet
  4. 6. balance The amount available in an account for a person, business, or organization to spend
  5. 8. card A bankcard issued by a financial institution that is electronically linked to an individual’s checking account for the purpose of making banking transactions, making payments for services, and/or making purchases.
  6. 9. tax Money paid by an employee or business to the federal government based on an individual’s or business’ income as required by law
  7. 12. tax The amount of money collected by a store (retailer), in addition to a good or service that was purchased, for the local government as required by law
  8. 14. Money paid by a borrower in exchange for using a lender’s money for a certain period of time
  9. 17. Money placed into a checking or savings account at a bank
  10. 18. payment for goods and services
  11. 19. register A table for recording information about checks written on a bank account