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Suppose that in 2010 the government collected $200 billion in revenue and spent $170 billion, while...
Suppose that in 2016 the federal government spent $730 billion and collected $480 billion in taxes...
Suppose that in 2016 the federal government spent $730 billion and collected $480 billion in taxes while in 2017, government spending fell to $680 billion and government revenue increased to $780 billion. If the government debt was $5 trillion at the beginning of 2016, what will it be at the end of 2017? Select one: a. $5.35 trillion b. $5.25 trillion c. $5.15 trillion d. $4.85 trillion e. $4.75 trillion
In 1998 the government reduced its debt by $30 billion and it spent $230 billion. How...
In 1998 the government reduced its debt by $30 billion and it spent $230 billion. How much revenue did the government receive in 1998? Select one: a. $200 billion b. $230 billion c. $260 billion d. $290 billion e. $300 billion
Thank you The tables show the spending and revenue for Littleland in 2010. Use the tables...
Thank you
The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions Spending category Value (millions) enue category Value (millions) educatior welfare and Social Security health care defense payments on debt other S320 $890 $270 S120 $170* $240 income tax sales tax corporate tax social insurance $800 $270 $300 S340 GDP in 2010: $7.3 billion Total debt as of 2009: $3.5 billion Thi s payment covers total interest owed...
18. Suppose that at the end of 2014, the government holds debt of $150 billion, has collected tax revenue of $50 billio...
18. Suppose that at the end of 2014, the government holds debt of $150 billion, has collected tax revenue of $50 billion, and has spent $75 billion. The national debt at the beginning of 2015 is: A) $25 billion. B) $125 billion. C) $175 billion. D) $275 billion. 19. What approach to federal finance would you agree with if you wanted federal government revenues to equal federal government expenditures every year? A) annually balanced budget B) cyclically balanced budget C)...
1. If the state of Texas's government collects $127 billion in tax revenues in 2015 and...
1. If the state of Texas's government collects $127 billion in tax revenues in 2015 and total spending in the same year is $128.5 billion, the result will be a: A. budget deficit. B. budget surplus C. decrease in payroll tax. D. decrease in proportional taxes. 2. A government annually spends $7 billion of its total tax revenue to weather related disaster relief, $25 billion to healthcare and $13 billion to education. If the government's annual tax revenue is $132...
Use the marginal income tax rates shown here to calculate the average tax rate on an...
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $100,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%
$35,350–$85,650
25%
$85,650–$178,650
28%
$178,650–$388,350
33%
Over $388,350
35%
Average tax rate on $100,000 of income is ____________.
21.46%
24.27%
28.00%
10.5 points
QUESTION 2
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $200,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%...
FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President...
FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...
I mainly need this last part "preparation of fund financial statements and schedules" thanks! Scenario and...
I mainly need this last part
"preparation of fund financial statements and schedules"
thanks!
Scenario and General Fund budgetary journal entries The scenario: Croton City maintains four governmental-type funds: a General Fund, a Library Special Revenue Fund, a Capital Projects Fund, and a Debt Service Fund. Croton City started its calendar year 2019 with the following General Fund balances (all numbers are in thousands of dollars) Debits Credits Cash Property taxes receivable Salaries payable Deferred property tax revenues Unassigned fund...
1) Discuss the company's top risks? 2) Discuss whether the company treats risk reactively or proactively?...
1) Discuss the company's top risks? 2) Discuss whether the company treats risk reactively or proactively? 3) Do you observe a lack of understanding of potential exposures? 4) Does the company focus on internal risks or external risks? 5) Do you think the company is well prepared to respond to potential risks? Orange County he t die Following the debocie Orange County o dmorych of control procedures and financial gove nonce and d e setof o n policies December 1994...
Kindly answer Question 1-4 with well structured paragraphs. Alibaba-China's Ecommerce Giant: Challenging Amazon? TODAY, ALIBABA GROUP...
Kindly answer Question 1-4 with well structured
paragraphs.
Alibaba-China's Ecommerce Giant: Challenging Amazon? TODAY, ALIBABA GROUP is the largest Chinese ecommerce company. In the original Arabic tale of Ali Baba and the Forty Thieves, Ali Baha, the poor woodcutter, opened the cave with hidden treasure by calling out the magic words "Open Sesame." Alibaba's founder selected the name to open up opportunities for small Chinese manufacturers to sell their goods around the world, with the hope of finding treasures for...
Thank you
The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions Spending category Value (millions) enue category Value (millions) educatior welfare and Social Security health care defense payments on debt other S320 $890 $270 S120 $170* $240 income tax sales tax corporate tax social insurance $800 $270 $300 S340 GDP in 2010: $7.3 billion Total debt as of 2009: $3.5 billion Thi s payment covers total interest owed...
18. Suppose that at the end of 2014, the government holds debt of $150 billion, has collected tax revenue of $50 billion, and has spent $75 billion. The national debt at the beginning of 2015 is: A) $25 billion. B) $125 billion. C) $175 billion. D) $275 billion. 19. What approach to federal finance would you agree with if you wanted federal government revenues to equal federal government expenditures every year? A) annually balanced budget B) cyclically balanced budget C)...
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $100,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%
$35,350–$85,650
25%
$85,650–$178,650
28%
$178,650–$388,350
33%
Over $388,350
35%
Average tax rate on $100,000 of income is ____________.
21.46%
24.27%
28.00%
10.5 points
QUESTION 2
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $200,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%...
I mainly need this last part
"preparation of fund financial statements and schedules"
thanks!
Scenario and General Fund budgetary journal entries The scenario: Croton City maintains four governmental-type funds: a General Fund, a Library Special Revenue Fund, a Capital Projects Fund, and a Debt Service Fund. Croton City started its calendar year 2019 with the following General Fund balances (all numbers are in thousands of dollars) Debits Credits Cash Property taxes receivable Salaries payable Deferred property tax revenues Unassigned fund...
1) Discuss the company's top risks? 2) Discuss whether the company treats risk reactively or proactively? 3) Do you observe a lack of understanding of potential exposures? 4) Does the company focus on internal risks or external risks? 5) Do you think the company is well prepared to respond to potential risks? Orange County he t die Following the debocie Orange County o dmorych of control procedures and financial gove nonce and d e setof o n policies December 1994...
Kindly answer Question 1-4 with well structured
paragraphs.
Alibaba-China's Ecommerce Giant: Challenging Amazon? TODAY, ALIBABA GROUP is the largest Chinese ecommerce company. In the original Arabic tale of Ali Baba and the Forty Thieves, Ali Baha, the poor woodcutter, opened the cave with hidden treasure by calling out the magic words "Open Sesame." Alibaba's founder selected the name to open up opportunities for small Chinese manufacturers to sell their goods around the world, with the hope of finding treasures for...
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