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Unit 6 Vocab

Across
tax levied by a government directly on income, especially an annual tax on personal income
the loss of potential gain from other alternatives when one alternative is chosen
the federal health insurance program for people who are 65 or older; certain younger people with disabilities
money received, especially on a regular basis, for work or through investments
a general increase in prices and fall in the purchasing value of money
expenses that can change depending on your use of products or services; they are somewhat unpredictable
a person who is employed to provide financial services or guidance to clients
the tax is levied by the governing authority of the jurisdiction in which the property is located
the total amount of money being transferred into and out of a business or household
financially sound enough to justify the extension of credit; includes factors such as repayment history and credit score
have a desire to possess or do (something) or wish for
an individual's total pay before accounting for taxes or other deductions
an estimate of income and expenditure for a set period of time
Down
Gross wages or gross salaries minus withholdings for payroll taxes and other items such as insurance
the process of comparing the price of different products or services
an individual's income after taking taxes and deductions into account
the cost required for something; the money spent on something
a tax on sales or on the receipts from sales
the financial ability to buy products and services
an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
a requirement, necessary duty, or obligation
a reduction in the value of an asset with the passage of time
a person who relies on another, especially for financial support
a person who purchases goods and services for personal use