Civics Chapter 12 Vocab

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Across
  1. 3. its revenue equals its expenditures
  2. 4. an excess of money
  3. 7. a tax that takes a larger percentage of income from higher income groups.
  4. 8. shortage of money
  5. 9. a custom duty
  6. 11. raising money
  7. 13. this interest plus the total amount of money that the US government has borrowed.
  8. 15. the income a business has left after paying its expenses
Down
  1. 1. Money charged as a penalty for breaking certain laws.
  2. 2. are payments charged by governments for various licenses.
  3. 5. tax a tax on the value of the property owned by a person or by a business.
  4. 6. for the use of borrowed money.
  5. 10. these taxes on earnings
  6. 12. is a certificate stating that the government has borrowed a certain sum of money from the owner of the bond.
  7. 14. a careful examination by trained accounts of every item of income and every expenditure