Across
- 4. includes money or cash dividends received from investments, such as stocks
- 9. divisions at which tax rates increase or decrease in a progressive tax system
- 10. income which will be paid at a later date
- 11. listed as a certain percentage of an item’s cost
- 13. levied directly on personal or corporate income
- 14. interest received from the banks and savings institutions
- 16. date specified by the federal government on which all taxes and exemptions should be filed
- 17. portions of a person’s income which is not subject to tax
- 19. gross income after certain adjustments have been made
- 21. usually taxed at a rate of 30 to 40 percent; includes the taxes collected on money or gifts received from winning game shows, competitions
Down
- 1. expense an individual is allowed to subtract from gross income to arrive at taxable income
- 2. collected from the owners of buildings, land and other taxable property; a set percentage of the estimated property value
- 3. paid based on taxable income
- 5. decrease the tax per unit of income
- 6. collected on the property left by an individual’s will
- 7. collected on personal gifts valued at more than $18,000 Gross Income- amount of a person’s or company’s income prior to deductions
- 8. portion of income which is subject to being taxed
- 12. effort of individuals, firms, trusts and other entities to evade the payment of taxes by breaking the law
- 15. was a pre-conditional tax required to vote in U.S. elections
- 18. levied on the price of a good
- 20. percentage-based fee charged by the government on products, income or activities
- 22. general rise in the level of prices for goods and services over time