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Chapter 7 Vocabulary Crossword
Down
:
1) A tax that increases as income increases; the percentage or rate increases.
2) A tax rate schedule that decreases as income increases
4) A percentage paid to the government of sales on products or services
5) A tax that is the same percentage or rate for everyone, such as sales tax
6) Special status for unmarried taxpayers who support other people besides themselves and their children.
7) Taxes that are based on the assessed value of the property owned
9) Earnings that are taxable
Across
:
3) Filing status for unmarried taxpayers that is indicated on tax forms which determine the tax rate you are paid
8) Where each line of the tax schedule has an increasing percent based on increasing income.
10) Taxes that are based on the amount of taxable income that you earn.
11) The amount of money a worker takes home after deductions
12) The amount of money a person must pay to the government to benefit from the government
13) Government agency that collects federal taxes
14) The total pay, which is the sum of an employee‘s hourly pay and overtime pay.
15) Filing status for married taxpayers who choose to fill out the same income tax returns
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