Chapters 2 & 3 Word Scramble
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| Question | Answer |
| Audit | An examination of income tax returns by the IRS. |
| Benefits | Forms of employer compensation in addition of pay. |
| Dividends | Money paid to stockholders from the corporations earnings. |
| Exemption | An amount you may subtract from your income for each person who depends on your income to live. |
| Filing Status | Your tax-filing group based on your marital status as of the last day of the tax year. |
| Gross Pay | All of the taxable income you receive during the year. |
| Net Pay | The amount left after all deductions are taken from a employee's gross pay. |
| Progressive Tax | A tax that takes a larger share of one's income as the amount of income grows. |
| Proportional Tax | A tax for which the rate stays the same regardless of one's income. |
| Regressive Tax | A tax that takes a smaller share of one's income as the amount of income grows. |
| Salary | A fixed annual amount of gross pay. |
| Tax Bracket | An income range that a tax rate is applied to. |
| Tax Credit | A reduction of taxes owed. |
| Tax Liability | The amount of total tax you owe in a year's income. |
| Union | A group of people who work in the same or similar occupations, organized for the benefits of the employees in the occupations. |
| Wage | A fixed hourly rate earned by employees. |
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