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Which term can be used to describe money that is earned by government when it levies taxes?
Wiki User
∙ 11y ago
revenue.
Wiki User
∙ 11y ago
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What terms can be used to describe money that is earned by government when it levies taxes?
revenue
What do levies do?
They remove money from you, (it is another word for taxes).
What does it mean when government spending exceeds tax collections?
If more money is spent than earned or taken in then the person or government is broke and have no money. No taxes=no money for services.
What is the tax based on the amount of money earned?
Income Tax is a tax based on the amount of money earned.
Do you give taxes or get taxes?
You GIVE taxes to the government. The money comes from what you've earned. You can also GET your taxes back in certain situations like, if you're a student in school.
What can be used to describe money that is earned by government when it levies taxes?
revenue
What terms can be used to describe money that is earned by government when it levies taxes?
revenue
What does it mean by A sum of money placed on a person property income of an individual by a government?
Sounds like a description of levies, or taxes.
What do levies do?
They remove money from you, (it is another word for taxes).
What are levies?
Levies are sums of money, similar to a tax, which are added to the purchase price of an object or service. ...
How does the government get money to pay for tax credit?
The same way it gets money to pay for anything else: 1) Borrowing 2) Taxes 3) User fees, fines, levies
What does it mean when government spending exceeds tax collections?
If more money is spent than earned or taken in then the person or government is broke and have no money. No taxes=no money for services.
After winning a large sum of money after sueing a bar does the government tax that money?
Yes the money you've earned will be taxed when you spend it.
Which of these does not describe representative money?
it only has value because the government says it does
What is the meaning behind the term Fiat money?
Fiat money is the term used to describe money that has it's value determined by the law or government. This means that most currencies are fiat money as most currencies are government issued.
How would you describe tax law?
Tax law requires the payment of money to the government; there is no choice.
What did the US government do to raise money for the war effort. describe the two ways?
Most of our tax dollars, and borrowing money from other countries.
