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Taxes

Across
Taxes on income, both earned and unearned
Income the nation collects from taxes
Simultaneous increase of consumer prices and decreases in the value of money/credit
activity that a taxpayer did not materially participate in during the tax year
A tax that most people pay
Businesses organized under a federal or state law
an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy
cost is usually expressed as a percentage of the principal on an annual basis
A tax that takes a larger percentage from low-income groups than from high-income groups
Down
Amount that taxpayers can claim for themselves, spouses, and eligible dependents
Money withhold from employee's paychecks
A tax on the sale or use of specific products or transactions
A tax that takes a larger percentage of income from high-income groups than from low-income groups
business structure whereby two or more people share ownership
After the income tax return is prepared, the money owed to the taxpayer