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FL Vocabulary 04 - Taxes

Across
Federal medical insurance for low-income Americans
Tax paid on the sale of specific items for personal use
The financial planning period of the federal government or of a corporation.
Tax where the rate decreases as income increases
A retirement account allowing a person to set aside after-tax income up to a specified amount each year
Revising a tax return to correct an error.
A compulsory contribution to state revenue, levied by the government on workers' income and business profits
Tax where the rate increases as income increases
A deduction to reflect the gradual loss of value of business property as it wears out (such as furniture or aging computers)
Wages, salaries, tips, and net earnings from self-employment and other revenue received for personal services.
Computation of income-tax by listing separately all assets, credits, deductions, losses, etc.
Money deducted from an employee's paycheck and sent to the government to help meet the employee's tax liability
A retirement account for self-employed individuals.
Taxes on products imported or brought in from a foreign country
Down
Total expenditures are greater than total revenues
Total revenues are greater than total expenditures
The federal agency that collects income taxes in the United States.
Provides benefits for retired workers and their dependents as well as for the disabled and their dependents. Also known as FICA.
A tax that takes the same percentage of income from all income groups.
A part of one's income not taxed, such as money spent on charities, college savings plans, religious donations, and eligible dependents.
The amount of money you earn before anything is taken out for taxes or other deductions.
A person who relies on someone else for support.
Government payments that go to people who meets certain criteria such as age, financial hardship or employment status
Filing status for taxpayers who are married to each other or live together in a common law marriage and combine their income and deductions on the same tax return.
A decrease in the gross amount on which a tax is calculated
Health care program for citizens over the age of 65 that covers major medical expenses