Question

Identify the main sources of revenue for and the largest expenditures made by federal, state, and...

Identify the main sources of revenue for and the largest expenditures made by federal, state, and local governments.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Social and local government collect revenue tax from three primary source.

• income, sale and property tax

• local government main tax revenue source is property tax including school district.

• income and sales tax is combined sale tax revenue.

•the three main source of federal revenue are.

•individual income tax

•payroll tax

• corporate income tax

Other tax revenue are excise tax, estate tax and other taxes.

Government get money which it spend is through taxation.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Respond to the following in a minimum of 175 words: Identify the main sources of revenue...
Respond to the following in a minimum of 175 words: Identify the main sources of revenue for and the largest expenditures made by federal, state, and local governments.
The largest amount of the federal governments expenditure is for A) interest payments on the national...
The largest amount of the federal governments expenditure is for A) interest payments on the national debt. B) social security. C) transfers to state and local governments. D) national defense.
The main source of revenue for state budgets is the property tax. If, then the largest...
The main source of revenue for state budgets is the property tax. If, then the largest line item in state budgets is the amount dedicated to teacher salaries, explain to a proponent of putting a cap on property taxes why that would be bad for public education. What would a cap cause? How can you measure such causality?
The largest share of expenditures by state and local governments is for purchases of goods and...
The largest share of expenditures by state and local governments is for purchases of goods and services. national defense. transfer payments. interest payments. law enforcement. 2. Suppose a government has $4,000 billion of debt. This year, real GDP is $8,000 billion, the tax rate is 30 percent, and government spending is $2,000 billion. Which of the following is true? The deficit will decrease by $400 billion. The debt will increase by $400 billion. The deficit will increase by $400 billion....
Identify the various and specific taxes that federal, state, and local governments utilize to fund the...
Identify the various and specific taxes that federal, state, and local governments utilize to fund the public sector. What are the impact of these taxes on both the producer and consumer? How do these taxes affect you?
What are the major funding sources for the federal government, and state and local government? Please...
What are the major funding sources for the federal government, and state and local government? Please discuss major differences between federal government and state and local government financial sources. Also, how it is possible for the federal debt to increase in a year when the federal government has a surplus?
State and Federal sources for equal protection?
State and Federal sources for equal protection?
due to covid 19, what the governments (Local, State and Federal) are doing to address the...
due to covid 19, what the governments (Local, State and Federal) are doing to address the economic conditions created by the pandemic.   First identify a current government policy you are aware of and identify its components. Then, describe how this policy is intended to impact a specific industry, firms and/or individuals.
In many states, Medicaid expenditures are the largest line item in the state budget. Why have...
In many states, Medicaid expenditures are the largest line item in the state budget. Why have Medicaid expenditures increased, and what can states do to contain Medicaid costs?
Identify three sources of revenue that may assist you in the financial forecasting for your organization
Identify three sources of revenue that may assist you in the financial forecasting for your organization
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT