World's most versatile flashcards

or...

Personal Finance #2 Word Scramble

Teachers & Webmasters: If you would like this word scramble activity on your web page, copy the script below and paste it into your web page.

<iframe src="http://www.studystack.com/iframeWordScramble.jsp?studyStackId=196398" width="720px" height="400px"></iframe>

Favorite Labeled Images

Spanish 3

Cardio Block2anatomy

Ch.18 LTI-MA 509

mr. charles11

Poultry

500 Words

BIOL3326 Forms

Question	Answer
Money collected by the government through taxes	REVENUE
Taxes that take a larger share of income as the amount of income grows	PROGRESSIVE TAXES
Taxes for which the rate stays the same regardless of income; also called flat taxes	PROPORTIONAL TAXES
Taxes that take a smaller share of income as the amount of income grows	REGRESSIVE TAXES
Stated amount taxpayers may subtract from adjusted gross income instead of itemizing their deductions	STANDARD DEDUCTION
Income ranges to which different tax rates apply	TAX BRACKET
Willful failure to pay taxes	TAX EVASION
A tax on the sale or use of specific products or transactions	EXCISE TAX
An amount taxpayers may subtract from their income for each person who depends on their income to live	EXEMPTION
All the taxable income received during the year, including wages, tips, salaries, interest, dividends, alimony, and unemployment compensation	GROSS INCOME
Gross income minus allowed adjustments	ADJUSTED GROSS INCOME
Money paid for a former spouse to support dependent children	ALIMONY
Expenses the law allows taxpayers to subtract from their adjusted gross income to determine their taxable income	DEDUCTION
Income on which you will pay tax	TAXABLE INCOME
An examination of a tax return by the IRS	AUDIT
An amount subtracted directly from the tax owed	TAX CREDIT