Across
- 3. The amount of income available to be spent, saved, or invested on non-essential items like entertainment, hobbies, or luxury goods.
- 4. A mandatory financial reporting document used by the government to implement its fiscal policy, which includes managing the economy through taxation and spending
- 10. A tax imposed by the government
- 12. Income, estate, sales, capital gains, property, excise are all ______ __ ________
- 16. A compulsory payment levied by a state government on individuals and businesses within its borders to generate revenue
- 17. The transfer of assets, wealth, or property from a deceased person's estate to their heirs or beneficiaries, either through a valid will or under intestate succession laws
- 18. If you wanted to start a ______ ______ it’s imperative that you understand what all these terms mean: ROTH IRA, Traditional IRA, 401K, 403B, 529, Pension
- 19. A federal health insurance program in the United States for people aged 65 or older, younger people with disabilities, and individuals with end-stage renal disease or ALS
Down
- 1. An employer-sponsored account that allows employees to set aside pre-tax money to pay for qualified out-of-pocket medical expenses
- 2. A joint federal-state means-tested entitlement program that provides healthcare coverage for low-income individuals and families
- 5. The transition from the active workforce to a state where an individual relies on accumulated savings, investments, and pensions (like Social Security or private plans) to support their living expenses instead of their salary
- 6. Officially known as the Employee's Withholding Certificate, is a form used by employees to inform their employers of their tax situation
- 7. The total income a business or firm generates from selling its goods or services before any expenses are deducted
- 8. A mandatory payment or charge collected by the government to cover the costs of government expenses
- 9. A state in which a country, organization, or individual relies on external sources for essential resources, capital, technology, or markets, which limits self-sufficiency and creates vulnerability to external influence, economic shocks, and decisions made by foreign entities
- 11. A federal social insurance program that provides income security to retirees, the disabled, and survivors of deceased workers through a pay-as-you-go system funded by payroll taxes
- 13. The amount of money an individual or household has left after taxes and mandatory deductions, which can be used for necessities or discretionary spending
- 14. A legal provision that relieves an individual, organization, or transaction from an obligation or liability, typically involving taxes or tariffs
- 15. An expense, such as taxes, that can be subtracted from a taxpayer's gross income