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Allyson Ellis Crossword
Down
:
1) giving up one want in order to satisfy another
2) an expense subtracted from adjusted gross income when calculating taxable income. deductions may be compulsory or voluntatry.
3) The investment in a person's education, training or skills development
4) the midpoint of the range of incomes, half of the earners above it and half below
6) deductions from a paycheck or a mandatory contribution by self-employed persons and businesses to finance local (city or county) government
8) a benefit or cost that influences decision making
9) a mandatory contribution to finance state government, deducted from paychecks or paid by self-employed persons
10) the cost of passing up the next best alternative when making a decision
11) a function that measures the value of goods and services
17) anything that serves as a medium of exchange, a store of value, and a unito of measure
18) goods and services that an individual must have to survive; e.g., food, clothing, shelter, etc.
Across
:
5) a direct reduction taken from taxable income for a specific reason, as allowed by the IRS
7) a method to evaluate a situation in advance by comparing the expected costs with the expected positive results
12) an individual's taxable income before any appropriated adjustments are made
13) the amount of income remaining after taxes and available for spending. this is the amount of money left after deductions (mandatory and non-mandatory) have been taken from gross pay
14) the federal act under which mandatory contributions for Social Security tax and Medicare tax are deducted from pay checks
15) a function of money that provides for the transfer of today's purchasing power to a future time
16) an employee's benefit supplementing a money wage or salary. Examples of fringe benefits are: medical and dental insurances, childcare, life insurance, retirement plans, paid vacation time, or sick days
19) a function of money that means it will be accepted as payment for goods or services
20) the basic economic situation - limited resources and unlimited wants; a lack or inadequacy
21) the amount of pay received after all deductions (compulsory and voluntary) have been subtracted from the gross amount. For a business, same as net profit.
22) a process by which a creditor can obtain some of the assets of a debtor. A court-ordered garnishment of salary requites an employer to deduct and pay to the creditor a percentage of the debtor's salary until the debt is satisfied
23) income derived through employment
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