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Economics: Principles in Action


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4.the annual amount paid by a land owner to the local government or the municipal corporation of his area.
7.a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.
11.a tax paid to a governing body for the sales of certain goods and services.
12.a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
16.reduces the amount of tax employees must pay when they submit their annual tax returns.
17.any government system that provides monetary assistance to people with an inadequate or no income.
18.the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
19.a tax in which the tax rate increases as the taxable amount increases.
20.income received by a government from taxes and nontax sources
1.an aspect of a country's tax code designed to incentivize, or encourage a particular economic activity.
2.income, property, good, and service that is subject to a tax
3.a tax levied on the net value of the estate of a deceased person before distribution to the heirs.
5.a required payment to a local, state, or national government
6.the primary means by which the President and Congress select among competing demands for federal funds.
8.a several-member group that oversees or manages the running of an institution.
9.a tax or duty to be paid on a particular class of imports or exports.
10.taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.
13.he means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
14.the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease
15.a note issued by the US Treasury for use as currency.

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