Unit 4 personal finances vocabulary

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Across
  1. 2. tax on corporations based on selling assets instead of income
  2. 3. expense subtracted from gross income
  3. 5. payments made to govt. based on taxable income
  4. 7. freeded from paying taxes based on amount of income
  5. 8. retirement plan for teachers, nurses, and other non-profit employees
  6. 11. investing account offering tax benifits to pay for educational expenses
  7. 12. employer sponsored account where employees can contribute income
  8. 13. savings account with set aside funds for health and future costs
  9. 16. tax imposed on sale of goods and services
  10. 20. qualified individual of taxpayer filed on tax return
  11. 22. a form given to taxpayers reporting income, expenses, and other tax information
  12. 24. taxes imposed by the national government
  13. 25. money remaining to spend or invest after life necessities
  14. 27. retirement saving account with tax advantages
  15. 28. ceasing from the workforce
  16. 29. federal program using taxes paid into trust funds
Down
  1. 1. tax imposed on specific goods, services, and activities
  2. 4. money remaining after all taxes are paid
  3. 6. health insurance for the elderly (65+) and disabled
  4. 9. retirement fund for an employee paid into by the employer (employee benefit plan)
  5. 10. form withholding accurate tax information
  6. 14. taxes imposed by local government
  7. 15. mandatory payments made by individuals to government entities
  8. 17. retirement account not taxed upon distribution
  9. 18. health insurance for low-income households
  10. 19. valuable left behind for someone after a person's death
  11. 21. assests of a dead person is distributed to the designated persons heirs
  12. 23. income collected through taxation
  13. 26. tax paid on property