Thursday, Oct. 30

Homework: Composition Book due Oct. 31 (BOO!!). CEP due Oct. 31 (BOO again) (subject U.S. politician). Read pages 305-309.
In Class: Presentation and analysis of campaign ads.
Bell work: What are the taxes on a gallon of gas?

8^th Grade Week 13 Vocabulary Chap. 12

1)      interest: Payment for the use of loaned money.

2)      revenue: Income.

3)      fee: Government charges for a service or license.

4)      fine: Money paid as a penalty for breaking certain laws.

5)      income tax: A tax on the amount of money individuals or companies earn.

6)      progressive tax: A tax that takes a larger percentage of income from high-income groups than from low-income groups.

7)      regressive tax: A tax that takes a larger percentage of income from low-income groups than from high-income groups.

8)      profit: The income a business has left after paying its expenses.

9)      property tax: A local or state tax collected on real property or personal property.

10)   balanced budget: A spending plan in which revenue equals spending.

11)   surplus: An amount by which income exceeds expenditures.

12)   deficit: The amount by which spending exceeds income.

13)   audit: An examination by an accountant of a government's, business's or person's income and spending.

Mr. Moore