history vocab

payment for the use of loaned money

• balanced budget

• interest

• fees

• deficit

the total amount of money owed by the US government plus the interest that must be paid on this borrowed money

• bond

• surplus

• tax

• national debt

revenue

• income

• tarrif

• bond

• regressive tax

government charges for a service or license

• fees

• regressive tax

• tariff

• deficit

money paid as a penalty for breaking certain laws

• profit

• property tax

• bond

• fine

a certificate of debt issued by governments and corporations to persons from whom they have borrowed money

• balanced budget

• regressive tax

• bond

• fees

a tax on the income that individuals and companies earn

• fine

• income tax

• audit

• balanced budget

a tax that takes a larger percentage of income from high income groups than from low income groups

• regressive tax

• income tax

• progressive tax

• surplus

the income a business has after paying its expenses

• profit

• bond

• tariff

• property tax

a tax that takes a larger percentage of income from low income groups than from high income groups

• audit

• regressive tax

• fees

• profit