| A | B |
|---|
| progressive tax | tax that has a higher rate for a higher income |
| entitlement | benefit that federal law says must be paid to those who meet the eligibility requirements |
| estate tax | tax imposed on the assets of one who dies |
| continuing resolution | ruling that allows a government agency to function until its annual appropriations are approved |
| tax return | declaration of income, exemptions, and deductions claimed |
| payroll tax | tax generally withheld from paychecks, with the funds going to support major social welfare programs |
| surplus | more annual income received, than spent |
| gift tax | tax levied on money or property given by one living person to another |
| payroll tax | this tax helps pay for Social Security and Medicare programs. |
| custom duty | A tax laid on goods brought into the United States from abroad. |
| interest | A charge levied for borrowing money, generally earning a percentage of the amount borrowed. |
| regressive tax | A tax that is set at a flat rate, without regard for income or the ability to pay. |
| uncontrollable spending | Social Security benefits are an example of. |
| continuing resolution | Congress passed a(n) ____ for the Department of Energy to operate until annual appropriations were approved. |
| excise tax | This tax is levied against the manufacture, sale, or consumption of goods. |
| entitlement | Medicare is this, because it must be paid to people who meet the requirements. |
| nontax revenues | Canal tolls and fees for passports and patents are categorized as |
| exports | The Constitution prohibits taxes on these, but not imports. |
| income tax | The largest source of federal revenue today |
| tax return | Filed by everyone who earned taxable income in the previous year |
