chapter 12 Vocabulary

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Across
  1. 1. larger percentage of income from higher income groups than lower
  2. 6. the total amount of money owed by the government
  3. 7. when revenue is equal to expenditures
  4. 8. payments charged by the government
  5. 10. money
  6. 13. tax on imported goods
  7. 14. an accounting of all money that is spent
Down
  1. 1. chief source of income for local government
  2. 2. taxes on earnings
  3. 3. a certificate saying that the government has borrowed money from someone
  4. 4. takes a larger percentage of income from low income groups
  5. 5. payments for the use of loaned money
  6. 8. money charged as a penalty
  7. 9. income after paying expenses
  8. 11. collects more money than it spends
  9. 12. spends more money than takes in