Type
Crossword
Description

A tax on the estate, or total value of the money and property, of a person who has died estate tax
a tax on money or property that one living person gives to another gift tax
tax collected on goods that are imported customs duty
money charged for the use of a good or service user fee
Required govt spending by permanent laws mandatory spending
Federal spending on programs that are controlled through the regular budget process discretionary spending
Policies for which Congress has obligated itself to pay X level of benefits to Y number of recipients. Social Security benefits are an example. entitlements
A federal and state assistance program that pays for health care services for people who cannot afford them. medicaid
a plan for the federal government's revenues and spending for the coming year federal budget
A 12-month pd, October through Septmeber, for planning the federal budget fiscal year
Benefits given by the government directly to individuals. transfer payments
Money provided by one level of government to another to be spent for a given purpose grant-in-aid
the part of the economy that involves the transactions of individuals and businesses private sector
Budget in which revenues are equal to spending balanced budget
budget for day-to-day expenses operating budget
budget for major capital, or investment, expenditures capital budget
the person who assigns value to property for tax purposes tax assessor

Taxes Crossword

Type
Crossword
Description

Writes tax law congress
In charge of the federal budget. President
Imposes higher % of tax on higher incomes. progressive
Amount of income per person free from tax. exemption
Expenses that reduce the amount of taxable income. deduction
Responsible for paying various government expenses. Treasury
Tax that disproportionately hurts the poor more than the wealthy. regressive
Signed social security into law in 1935 Roosevelt
Problems in social security have arisen because of this. population
One category of tax you'll not get back. social security
Healthcare for the retired. medicare
solution for the retired poor before social security poorhouse
would give a refund offered at the beginning of each month fairtax
Taken out and sent to government on a quarterly basis. withholding
State tax administrations. Department of Revenue
Free to take advantage of tax benefits voluntary
All pay the same % of tax. Flat
Concept where portions of income are taxed higher as income rises. marginaltaxrate
Tax year ends for individuals. December 31
Date federal income tax is due. April 15
system never tried in any country. Fair

Reading A Paycheck Stub Crossword

Type
Crossword
Description

Lists paycheck deductions as well as other important info paycheck stub
The employee's full name, address, and social security # personal info
Total amount of money earned during the pay period before deductions gross pay
total amount of money left after all deductions are taken out net pay
The amount of money deducted from the gross pay for taxes, medicare, or benefits deductions
The % deducted from an individual's paycheck to assist in funding the state state withholding tax
Federal Insurance Contribution Act fica
Nation's retirement program, provides retirement income for the elderly and pays disability social security
The nation's healthcare program for the elderly and disabled medicare
The amount an employee contributes each pay period to a retirement plan retirement plan
The amount taken from your paycheck for medical benefits medical
The amount by laws for employers to withhold from earned wages federal tax
Totals of all deductions from January 1st to the day of the pay period year to date
Length of time for which an employee's wages are calculated pay period
Compulsory charges imposed on citizens by local, state, and federal governments taxes
Collects federal taxes, issues regulations, and enforces tax laws written by the U.S. irs
Employers directly deposit employee's paycheck into the employee's authorized account direct deposit
Electronically carries the employee's net pay payroll card
Used to determine the amount of federal taxes withheld from the paycheck allowence
A person who relies on the tax payer for financial support dependent

Financial Literacy: Taxes and Paychecks Crossword

Type
Crossword
Description

National legislative body of U.S consisting of the Senate and House of Representatives as a continuous institution. Congress
International Revenue Service; federal bureau which collects taxes every year and turns the money over to the Treasury Department to cover expenses of the U.S. government IRS
Executive agency responsible for promoting economic prosperity and ensuring financial security of the United States U.S Treasury
Amount, based on percentage of one's taxable income, paid to the U.S., and in some cases, to the state in which one lives Income Tax
Amount, based on a percentage of a purchase, paid to a state and local governments and school districts. Sales Tax
Amount, based on a percentage of property value, paid to local governments and school districts in which one lives. Property Tax
Tax similar to a sales tax, imposed on some goods. Excise Tax
Amount, based on the value of one's estate, which one heirs or beneficiaries will pay to the government upon one's death. Estate Tax
Tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor. Gift Tax
Person who relies on another for financial support. Dependent
Amount deducted from a paycheck by an employer in the employee's behalf to pay federal income taxes based in the number of personal allowances claimed Federal Withholding
Federal Insurance Contribution Act; a Social Security retirement tax FICA
Amount of income before taxes and other deductions Gross Pay
Program under the U.S Social Security Administration which reimburses hospital and physicians for medical care provided to qualifying people over 65 year old Medicare
amount of income after taxes and other deductions (take home pay) Net Pay
Government program which provided economic assistance to a person faced with unemployment, disability or old age Social Security
Monetary credits received on one's tax return for each person claimed as a dependent Allowance
Amount paid before commission Base Salary
Fixed amount of money paid to a person on a regular basis for services rendered Commission
Sum of money given to an employee in addition to the employee's usual compensation Bonus
Payment for work done per hourly. Hourly Wage
Base hourly wage set by the federal government. Minimum Wage
Salary range set by the government for all government jobs. Official Salary Schedule
Payment for additional work done outside of regular hours. Overtime
Amount of money one is paid at the beginning of a job. Starting Salary
Percentage pay of each sale, no base salary is available. Straight Commision
Amount of one's salary remaining after federal, state and often city income taxes and various other deductions have been withheld Take-home Pay
Fixed amount of money paid to a person on a regular basis Salary
Working on a contractual basis rather than being employed by a specific company, giving tax and income responsibility to the worker Contract Labor

Personal Finance Crossword

Type
Crossword
Description

Financial gain Profit
estimation of revenue and expenses to manage money Budget
Money paid to you by the company based on the performance Dividend
Shares are bought and sold through _____________ ASX
person who specialises in buying and selling shares stockbroker
money you make when you sell something for a higher price than what you paid for Capital gain
Way to save for retirement superannuation
money received through investments or work income
A ________ cost is something you spend money on every week fixed
A _______ cost is anything that you don't have a defined amount of spending every week variable
main provider of finance to businesses and consumers bank
something that is borrowed loan
an alternative to paying instead of cash, a plastic object credit card
Used by purchasers to buy real estate Mortgage
Income minus expenditure savings
Someone you owe money to Creditor
Person who owes money to someone Debtor
capital raised by a company, you can invest on this in asx stock
Money paid or received for work services Wages
money that is owed debt

Financial Literacy Crossword

Type
Crossword
Description

Money paid to the government for services tax
Tax paid to the government based on the money you earn income tax
Money added to the cost of items and services when an item is purchased sales tax
Tax paid on houses, cars, boats or land property tax
Total amount of income BEFORE taxes are taken out Gross Income
Amount left on your paycheck AFTER taxes are taken out Net Income
An organized plan on spending and saving money Budget
Card issued by a bank that allows the user to purchase goods and services immediately and pay later - charges an interest rate credit card
Card issued by bank that allows user immediate access to money they have in their account Debit Card
Expenses equal income balanced budget
Put money into an account deposit
Take money out of an account withdrawl

Personal Finance Crossword

Type
Crossword
Description

Income, especially when of a company or organization and of a substantial nature. Revenue
An estimate of income and expenditure for a set period of time Budget
The proportion of a loan is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. Interest Rates
Money paid regularly at a particular rate of the use of money lent, or for delaying the repayment of a debt. Interest
The capital raised by a business or a corporation through the issue and subscription of shares. Stocks
A certificate issued by a government or a public company promising to repay borrowed money at a fixed rate of interest at a specified time Bonds
A system of money in general use in a particular country. Currency
Borrow (a sum of money or item of property). Loan
Expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. Investing
Money received, especially on a regular basis, for work or through investments. Income
Pay out (money) in buying or hiring goods and services. Spending
The money one has saved, especially through a bank or official scheme. Savings
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. Credit

Taxes and Paychecks Crossword

Type
Crossword
Description

What is the other name for the Federal Insurance Contribution Act? FICA
The amount taken from the employees paycheck for medical benefits? MEDICAL
What type of withholding tax is used to assist in funding government agencies within states? STATE
The length of time for which an employee's wages are calculated? PAYPERIOD
What tax is based on 6.2% of employees gross income? SOCIALSECURITY
What type of tax is based on 1.45% of employees gross income? MEDICARE
Totals of all deductions which have been withheld from Jan. 1 to the last day of the pay period? YEARTODATE
What is used to list paycheck deductions? PAYCHECKSTUB
What is the total amount of money earned during the pay period before deductions? GROSSPAY
What pay is the total amount of money left over after all deductions? NET
What is subtracted from the gross pay? DEDUCTIONS
What type of withholding tax is required by law to withhold from wages to pay taxes? FEDERAL
What plan do employees contribute to each period? RETIREMENT
Who is responsible for handling the paycheck? EMPLOYEE
What is the most secure paying method? DIRECTDEPOSIT
What are charges imposed on citizens by governments? TAXES
What is the service that collects federal taxes? IRS
What is used to determine the amount of federal taxes withheld from the paycheck? ALLOWANCE
What is a person who relies on the taxpayer for financial support? DEPENDENT
A driver's license, passport, and birth certificate are all forms of what? DOCUMENTATION

Taxes and government spending Crossword

Type
Crossword
Description

A required payment to a local, state or national government. tax
Income received by a government from taxes and non-tax sources. revenue
Income, property, good, or service that is subject to a tax. tax-base
A tax on the value of a company´s profits. corporate income tax
A tax for which the percentage of income paid in taxes remains the same for all income levels. proportional tax
A tax for which the percentage of income paid in taxes increases as income increases. progressive tax
A tax for which the percentage of income paid in taxes decreases as income increases. regressive tax
A tax on the dollar value of a good or service being sold. sales tax
A tax on the value of a property. property tax
Taking tax payments out of an employee´s pay before he or she receives it. withholding
Form used to file income taxes. tax return
A national healthcare insurance program that helps you pay for health care for people over age 65 or with certain disabilities. medicare
A tax on the estate, or total value of the money and property, of a person who has died. estate tax
A tax on money or property that one living person gives to another. gift tax
A tax on imported goods. tariff
The use of taxation to encourage or discourage certain behavior. tax incentive

Personal Finance Crossword

Type
Crossword
Description

A plan for spending and saving money based on a person's goals during a given time period BUDGET
the average cost of a variety of expenses for living, such as rent or home costs, transportation costs, insurance, food, and utilities COST OF LIVING
the entire amount of money a person owes to lenders DEBT
expenses that are a exact amount every time FIXEDEXPENSES
The amount of money you earn before deductions. GROSS INCOME
payment for the use of money INTREST
Buying items with out need, on a whim. IMPULSEBUYING
amount of a paycheck that a person can actually spend; essentially gross income minus any payroll deduction NETINCOME
money set aside for short or long-term goals SAVINGS
fees placed on income, property, or goods to support government programs TAXES

Unit 6: Introduction to Investing Crossword

Type
Crossword
Description

Investment contracts in which the investor exchanges a sum of money for a series of payments over time. annuities
A loan to a company to finance a wide array of business purposes—from short-term inventory financing to long-term investments in equipment. commercial loan
A method of interest payment. This is calculated by adding the interest earned by the investment to the previously earned interest. Each time interest is added to your savings the next interest amount is compounded on the new balance. compound interest
A combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure. conglomerate
Regularly purchasing stocks or mutual funds, whether they are high or low, by investing a constant dollar amount so that over the long term the high and low prices of the investment products average out. dollar-cost averaging
An employer-sponsored retirement plan that allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. 401k
A riskier type of investment with a higher potential for return. Examples include stocks, bonds, and mutual funds growth investment
Subject to fast, extreme changes in price or value. volatile
Planning investments and other transactions to match the money and other assets available to an individual over time to the ways in which they want to spend those assets, including personal consumption, charitable donations, support for family members, and gifts. wealth management
A legal relationship in which one person or company holds property, which can include money, real estate, stocks, bonds, collections, automobiles, and personal possessions for the benefit of another. trust
Accounts that can receive and hold funds for a specific purpose such as retirement, college tuition, or medical expenses. If these accounts are established according to federal tax rules, the owner of the account will not have to pay income taxes on the money placed in them until it is withdrawn tax-deferred accounts
The rule is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself. rule of 72
The chance that the rate of return on an investment will be different from what you expected. risk
Accounts that permit individuals to save and invest funds without paying taxes on the income from the investment as long as the proceeds are eventually applied to legitimate educational expenses at an accredited institution. educational plans
The strategy of pursuing an assortment of investments to minimize the effects of risk and volatility. diversification
Helping individuals or a family determine in advance what will happen to their money and other assets after the death of one or more individuals in the family. estate planning
Describing a future financial goal and computing the kinds of income, savings, and investment that will be necessary to achieve the financial goal. financial planning
A safer type of investment with a lower potential for return but that provides regular incomes to investors. Examples include savings accounts and certificates of deposit. income investment
The percentage return on an investment over a set time period, usually a year. interest rate
The original amount of money a person invests (as opposed to interest). principal
The amount of money gained or lost on an investment relative to the amount of money invested, usually expressed as an annual percentage. rate of return
Anticipating a desired or necessary future income after retirement and then creating a plan for the amount of savings and investment needed to create that future income. retirement planning
A company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of shareholders who in turn share in the profits and losses. investment service
The ease with which an investment can be converted into cash. liquidity