Type
Crossword
Description

how much money you earn income
the money paid to the federal government based on your income incometax
two types; Social Security tax and Medicare tax, both are taken out of your paycheck and paid to the federal government payroll tax
money that one gets back when one retires or becomes disabled social security
helps pay for many medical services for people 65 years or older Medicare
tax paid by consumers on purchased goods and some services sales tax
tax that is paid to the local government on real estate property tax
buildings, homes, and land real estate
how much you make before taxes an deductions are taken out gross income
the amount of money you ca actually take home to spend, save, and share. net income
how you manage your net income to pay bills, entertainment, food, and other necessities in your life budget
a small official preprinted note that contains information about a checking account with a financial institution check
a small plastic card issued by a financial company creditcard
a small plastic card issued by a financial institution that is connected to either your savings or checking account debit card
money; bills and coins; used in exchange for goods and/or services cash

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

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

Paycheck Basics Crossword

Type
Crossword
Description

Amount subtracted from gorss pay Deductions
wages going directly to employee's bank account from eemployer's Direct Deposit
Federal Insurance Contribution Act: including social security and medicare FICA
Form used to prove citizenship Form I-9
States the amount of money earned and taxes paid throughout the previous year: wage and tax statement Form W-2
Determines the amount of money withheld for taxes: Employee's Withholding Allowance Certificate Form W-4
Total amount of money earned before payroll withholdings Gross Income
Health program for disabled and elderly Medicare
Amount of check often referred to as the "Take home Pay" Net Income
Length of time for which an employee's wages are calculated Pay Period
Paper Payment for earned wages Paycheck
Document that employee's receive either as a notice of payment and deductions Paycheck stub
Electronic card that carries the earned wages on it Payroll card
Items deducted from gross income Payroll deductions
Provides retirement income for the elderly and pays for disability benefits Social Security
Net income and the amount and employee receives after payroll deductions Take Home Pay
Required charges of citizens by local, state, and federal governments Taxes
Amount required by law for employers to withhold from earned wages to pay taxes Withholding Tax
Accumulated deductions for the year Year to Date

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

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

Banking Terms Crossword

Type
Crossword
Description

Bank branch offices, hours of operation, availability of ATM Location
Direct deposit, automatic payments, overdraft protects, online banking, discounts or free checking for students Special Features
Monthly charges, per check costs, printing of checks, balance inquiry cost, ATM checks Fees
Minimum balance, holding period for deposited checks Restrictions
An payment system where bills are paid through direct withdrawal from a bank account Automatic Payment
A financial cooperative owned by its members to serve its members. It offers the same financial services as a bank Credit Union
Allow customers to get cash and conduct banking transactions ATM
An account that allows you to deposit money and write checks on that account. Checking Account
The amount of money currently in an account Balance
A business that keeps money safe fro its customers, lends money to borrowers, and provides other financial services Bank
A banking card that can be used to purchase goods and services electronically. The amount is transferred immediately. Debit Card
The least amount of money a bank requires when opening an account Minimum Deposit
The money put into a bank account Deposit
A savings or checking account set up in the names of more than one person Joint Account
The money a bank pays for the use of a person’s money. Interest is referred to in terms of annual percentage rate (APR) Interest
Tells how much money you currently have in your account (account balance) Inquiry
A secret number or code that protects the security of an account PIN
An amount of money taken out of an account Withdrawal
A bank account that allows you to put money away to use later. The bank pays interest in exchange for the use of the money in the account Savings Account
Business done with a bank, including deposits, and withdrawals Transaction
A bank employee who performs banking services for the public, such as cashing checks and accepting deposits Teller

Chapter 12 Banking Procedures and Services Crossword

Type
Crossword
Description

A financial institution, such as savings bank, that is legally allowed to accept monetary deposits from consumers Depository Institutions
Insurance companies, finance companies, securities firms, and investment companies that provide certain financial services but do not accept traditional deposits Nondepository Institutions
Provides banking customers with access to financial transactions in a public space without the need for a bank teller Automatic Teller Machine
An account into which you deposit money and from which you gradually withdraw money by writing checks or using a debit card Checking Account
A written order from you to your bank instructing it to pay money from your account to another party Check
Functions like checking account but pays a small amount of interest on money in the account. Require the user to maintain a minimum balance in order to earn interest Negotiable Order of Withdrawal
Enables you to withdraw cash from your account at ATMs, or to pay directly for goods or services at many stores and restaurants Debit Card
Typically a four-digit number needed to access a bank account or debit card PIN
A small ledger for keeping track of checking account balance Check Register
Small containers located inside a bank vault used to store valuable documents such as wills and small objects such as jewelry, rare coins, and legal documents Safety Deposit Boxes
A type of check that is written to a specific payee but charged against a bank instead of an individual account Cashiers Check
Functions similarly to a cashiers check. It is purchased for cash so that the recipient can trust its worth Money Order
Checks paid for in advance and written by a large financial institution with no payee specified Travelers Check
Used to authorize someone to withdraw money from a bank account automatically to satisfy some financial obligation Bank Draft
Authorization for someone to access a bank account for payment or deposit Electronic Funds Transfer
A U.S. government agency that provides insurance on bank deposits FDIC
A U.S. government backed agency that provides insurance on credit union deposits NCUSIF
Functions similarly to a bank but has nonprofit status and is owned by its members Credit Union
Serves as the central bank of the U.S. Federal Reserve System
Primary tool to fight inflation and promote a healthy economy; involves raising or lowering of the money supply to achieve some goal Monetary Policy
Money currently used in the United States; has value not because the coins and bills have some value in their own right, but because the government orders that it be accepted as payment Fiat Money
A goal of the Federal Reserve System to ensure that inflation or deflation does not occur Price Level Stability

college Readiness Crossword

Type
Crossword
Description

provides billions of dollars nationally in the form of grants, loans, and student employment for students to pursue post secondary education Financial Aid Administrator
a collection of different types of financial aid from multiple sources Financial Aid Package
students, parents, and borrowers are required to use an. FSA ID
a set amount of time after you graduate, leave school, or drop below half-time enrollment before you must begin repayment on your loan. Grace Period
one who meets at least one of the following criteria: You are working on a degree beyond a bachelor's, such as a master's or doctorate. You have a child or children, or other legal dependents, who receive more than half their financial support from you. Independent Student
the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. interest
Some money for college is awarded without regard for financial need. Merit Based Aid
is defined as a formal process focus on how a product addresses the needs of a human. Need Analysis
the final price paid for goods or services after subtracting tax and any other costs Net Price
payment in excess of what is due over payment
A quantitative estimate of the parents ability to contribute to the post secondary educational expenses of an independent student parent Contribution
the amount of money borrowed by the student principal
a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand. promissory note
omeone who is enrolled or accepted for enrollment in an eligible institution for the purpose of obtaining a degree or certificate offered by the school. regular student
a federal regulation requiring the U-M Office of Financial Aid to monitor the progress of each student who is receiving financial aid as they move toward completing their degree satisfactory academic progress
The system used in the United States to draft young people into armedservice. Though the United States at present has no draft, young men are required by law to register with the Selective Service when they reach the age of eighteen. selective service registration
a paper or electronic document that gives you some basic information about your eligibility for federal student aid and lists your answers to the questions on your Free Application for Federal Student Aid student aid report
Support financially subsidized
the amount of income used to calculate an individual's or a company's income tax due. taxable income
the Higher Education Act of 1965 (HEA) covers the administration of the United States federal student financial aid programs title IV Programs
The Federal Government pays the interest for Direct Subsidized Loans while the student is in college or while the loan is in deferment unsubsidized
all incommode received that is not reported to the IRS untaxed income
the process of establishing the truth, accuracy, or validity of something. verification

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

Unit 6 Vocab Crossword Puzzle

Type
Crossword
Description

an estimate of income and expenditure for a set period of time budget
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit credit card
a legal agreement where a bank or other creditor lends money at interest in exchange for taking title of the debtor's property mortgage
the goods or merchandise kept on the premises of a business or warehouse and available for sale or distribution stock
arrangement by which a company or government agency provides a guarantee of compensation for specified loss in return for payment of a premium insurance
a deed by which a person is committed to make payment to another bond
an account at a bank against which checks can be drawn by the account depositor checking account
a bank account that earns interest savings account
card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase debit card
A state or federal law designed to protect consumers against improperly described goods and services & from unfair trade and credit practices consumer protection
Means of providing benefits to customers money (features)
a detailed report of an individual's credit history prepared by a credit bureau credit report
expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity fixed expense
costs that are easily changed, reduced or eliminated flexible expense
The total of an employee's regular remuneration (including allowances, overtime pay, commissions, and bonuses, and any other amounts) before any deductions are made Gross Pay
the amount one receives after taxes and deductions have been withheld during a pay period Net Pay
an investment program funded by shareholders that trades in diversified holdings and is professionally managed Mutual Fund
an investing tool used by individuals to earn and earmark funds for retirement savings Individual Retirement Account
a federal agency (established in 1914) that administers antitrust and consumer protection legislation in pursuit of free and fair competition in the marketplace Federal Trade Commission
use of a person's private identifying information, usually for financial gain (a crime) Identity Theft
taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff Payroll Tax
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt interest
a comprehensive evaluation of an individual's current pay and future financial state financial plan
goods or services that are not necessary but that we desire/ Wants
goods or services that are required needs
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost