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Unit 6 Vocab

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