Tax Vocabulary

Tax Vocabulary crossword puzzle printable. Download, print and start playing. You can add your own words to customize or start creating from scratch.

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Words List(answer : question or clue)

audit: conduct an official financial examination of an individual's or organization's accounts
tax: ____  withholding is the amount of an employee's pay withheld by the employer and sent directly to the government as partial payment of income tax
earned: money derived from paid work is called _______  income.
revenue: income, of a company or organization and of a substantial nature
bracket: tax  _______ is the range of incomes taxed at a given rate
exempt: freed from or not subject to an obligation, liability, tax, etc
dependent: a person who relies on another, especially a family member, for financial support
progressive:  based on the taxpayer's ability to pay. It imposes a lower tax rate on low-income earners than on those with a higher income
AGI: a figure that the IRS uses to determine your income tax liability for the year, it's after all deductions
tax deferred: not taxable until a future date or event (as withdrawal or retirement)
taxable income:  total income used to calculate how much tax you owe in a given year
vertical equity: a method of collecting income tax in which the taxes paid increase with the amount of earned income
FICA: taxes that fund social security

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