History3

Question 1

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

Answer 1

National debt

Question 2

Money

Answer 2

Revenue

Question 3

Government charges for service or license

Answer 3

Fees

Question 4

Money paid as a penalty for breaking certain laws

Answer 4

Fine

Question 5

A certificate,it states that the government has owed a certain sum of money from the owner

Answer 5

Bond

Question 6

A tax on the income that individuals and companies earn

Answer 6

Income tax

Question 7

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

Answer 7

Progressive tax

Question 8

Is the income of business has left after paying its expenses

Answer 8

Profit

Question 9

Tax that takes a larger percentage of income from low income groups then from higher income groups

Answer 9

Regressive tax

Question 10

Tax on the value of the property owned by a person or by a business

Answer 10

Property tax

Question 11

Tax on products imported from other countries

Answer 11

Tariff

Question 12

Budget in which revenue equal expenditures

Answer 12

Balanced budget

Question 13

An excess of money

Answer 13

Surplus

Question 14

A shortage of money

Answer 14

Deficit

Question 15

A careful examination by train accountants of every item of income and every expenditure

Answer 15

Audit

Question 16

The payment made for the use of borrowed money

Answer 16

Interest