If the estimated tax revenue for the U.S. is $3400 billion while the planning spending estimated at

Fantastic news! We've Found the answer you've been seeking!

Question:

If the estimated tax revenue for the U.S. is $3400 billion while the planning spending estimated at $4300 billion. Then, the estimated budget deficit is equal to

O-900 billion.

O-700 billion.

O-750 billion.

O-833 billion

Related Book For answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

See More Books

Posted Date: Jan 26, 2024 05:41 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Federal government budgeting is the forecast or estimate of revenue and expenditures for each fiscal year. The federal budget, like a household budget, itemizes government spending for the following...
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
EFG Manufacturing, a private company, produces light bulbs. It has 100 employees. 15 of their employees have asked for short breaks during the workday for religious purposes. They have also asked for...
Please answer and discuss/integrate question of the following three categories: Strengths and Development Areas What are your strongest attributes as a leader? Needs How much personal time do you...
On June 1, Maxwell Corporation (a U.S.-based company) sold goods to a foreign customer at a price of 1,000,000 pesos and will receive payment in three months on September 1. On June 1, Maxwell...
A university pumps its water from wells located on campus. The falling water table has caused pumping costs to increase, the quantity of water available to decrease, and the quality of water to...
Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $ 750,000. The net cash flows estimated for...
The kibitzer computes the average of these three probabilities and announces the result of his computation publicly. Beatrice and Carol update their probabilities for F in the light of this new...
Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note: the company uses a clearinghouse to take care of all bank as well as...
As the price of a service rises, _______. a) the consumer surplus decreases b) the consumer surplus increases c) the consumer surplus may increase or decrease
Variable costs change with _____.
A products utility to a buyer is measured by ______. a) its usefulness b) its price c) how much the buyer is willing to pay for it d) none of the above
When demand rises and supply stays the same, ______. a) equilibrium quantity rises b) equilibrium quantity declines c) equilibrium quantity stays the same.
If a service is free, you will consume more and more of it until ______. a) your marginal utility is zero b) your total utility is zero c) both your marginal utility and your total utility are zero...
Find the relation for Magnetic vector potential due to monopole and dipole. Is magnetic vector potential due to monopole exists explain.
Refer to the data for problem 13-36 regarding Long Beach Pharmaceutical Company. Required: Compute each division's residual income for the year under each of the following assumptions about the...
Residents of Green Acres, a gated community located in the City of Foothills, voted to form a local improvement district to fund the construction of a neighborhood park. The city agreed to administer...
SOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 2014. During the fiscal year ended December 31, 2014, the following transactions occurred. 1. A...
Currently, the responsibilities of federal financial management policy and oversight are conducted by which government entities?
Crane l uses 10 kJ of energy to lift a 50 kg box to the roof of a building. Crane 2 uses 20 kl to lift a 100 kg box the same distance. Which crane is more efficient? A. Crane 1 B. Crane 2 C. Both...
Christina throws a javelin into the air. As she propels it forward from rest, she does 270 J of work on it. At its highest point, its gravitational potential energy has increased by 70 J. What is the...
Two samples of ideal gas, sample 1 and sample 2, have the same thermal energy. Sample l has twice as many atoms as sample 2. What can we say about the temperatures of the two samples? A. T>T B. T = T...

If the estimated tax revenue for the U.S. is $3400 billion while the planning spending estimated at

Question:

Expert Answer:

The detailed answer for the above question is provided below The budget deficit is calculated b... View the full answer

Accounting for Governmental and Nonprofit Entities

Students also viewed these accounting questions