At the beginning of his mandate, President Trump proposed as a part of his economic program a
Question:
At the beginning of his mandate, President Trump proposed as a part of his economic program a public funded one trillion-dollar spending in infrastructure. This program hasn't been approved yet, but it is believed that could be negotiated during 2019. Also, during December of 2017, the US Congress approved the "Tax cuts and jobs act". Between many changes to the tax code, the main highlights of this law are a permanent cut to the top corporate tax rate from 38% to 21% and the increase of the standard deductions of the personal income tax from $6,330 to $12,000 for single taxpayers and from $12,700 to $24,000 for married couple taxpayers. What are the possible consequences on the main economic variables of these particular measures? Will we have a surplus of deficit in the government budget? What other areas might be affected? Explain.
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg