Name: Date: Period: Economics Topic: Government and the Economy Bell Ringer: In your own words define and explain what a government purchase, government transfer of payment, and government interest payment is. Assignment: In your own words define the vocab words below Tax: Revenue: progressive tax: proportional tax: regressive tax: individual income tax: corporate income tax: property tax: Internal Revenue Service: taxable income: personal exemption: tax credit: tax incentive: W-2 Form: 1040 Form: FICA: Treasury bill: Name: Date: Period: Treasury Note: Treasury bond: