Unit 6 Vocab

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Across
  1. 4. an individual's total pay before accounting for taxes or other deductions
  2. 6. a general increase in prices and fall in the purchasing value of money
  3. 8. the process of comparing the price of different products or services
  4. 9. flow the total amount of money being transferred into and out of a business or household
  5. 10. an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
  6. 11. a tax on sales or on the receipts from sales
  7. 12. the federal health insurance program for people who are 65 or older; certain younger people with disabilities
  8. 13. a person who is employed to provide financial services or guidance to clients
  9. 14. expenses that can change depending on your use of products or services; they are somewhat unpredictable
  10. 18. a reduction in the value of an asset with the passage of time
  11. 21. financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score
  12. 22. Gross wages or gross salaries minus withholdings for payroll taxes and other items such as insurance
  13. 23. a federal insurance program that provides benefits to retired people and those who are unemployed or disabled
  14. 24. have a desire to possess or do (something) or wish for
  15. 25. a requirement, necessary duty, or obligation
  16. 26. tax levied by a government directly on income, especially an annual tax on personal income
Down
  1. 1. an estimate of income and expenditure for a set period of time
  2. 2. an individual's income after taking taxes and deductions into account
  3. 3. a process by which business decisions are analyzed, the benefits of a given action are summed, and then the costs associated with that action are subtracted
  4. 5. money received, especially on a regular basis, for work or through investments
  5. 7. a person who relies on another, especially for financial support
  6. 15. the cost required for something; the money spent on something
  7. 16. the financial ability to buy products and services
  8. 17. the tax is levied by the governing authority of the jurisdiction in which the property is located
  9. 19. cost the loss of potential gain from other alternatives when one alternative is chosen
  10. 20. a person who purchases goods and services for personal use