Chapter 12 vocab

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Across
  1. 2. Gov. can borrow a certain amount of money
  2. 3. tax takes a larger percentage from low-income people
  3. 5. raise money
  4. 6. spends more money than gain
  5. 11. tax that takes a larger percentage of income
  6. 12. tax on imported taxes
  7. 13. payments to gov. for various licenses
  8. 14. careful examination of every item and income and expenditure
  9. 15. tax on the value of property
Down
  1. 1. Payment for use of borrowed money
  2. 2. revenue equals its expenditures
  3. 4. Taxes on earnings
  4. 7. Income that businesses have after paying off debts
  5. 8. penalty for breaking a law
  6. 9. Total amount of money the us has borrowed
  7. 10. excess of money