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Wages,Income,and Taxes

Across
Gross income less reductions that are allowable
Insurance for qualifying individuals who are age 65
Amount of total tax due to the IRS after any credits
Direct reduction of tax liability allowed for various purposes
The employee pays 6.2% and the employer pays 6.2% of the first$ 118,500 of the employee's gross wages
Includes money received for the investment of money or other property
Amount that may be subtracted from income
Down
Amount taken out of income by the payer
Personal services as distinguished from income generated by property or other sources
Total wages paid to an employee that are subject to this tax
Gross income less itemized deductions or the standard deduction
Total worldwide income
Allowed by law as a reduction of income that would otherwise be taxed
Is the gain derived from capital ,labor or a combination of the two