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In a personal budget how are fixed expenses and discretionary spending different?
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What can be removed from a budget if spending is higher than income?
Discretionary spending
What is most easily be removed from a budget if spending is higher than income?
discretionary spending
What can most easily be removed from a budget if spending is higher than income?
Discretionary spendingDiscretionary spendingDiscretionary spending
All of the following are reasons why it is difficult to implement balanced fiscal policy except _____.?
the need for discretionary spending
Can you use flexible spending account and claim medical expenses?
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
The main purpose of short-term planning?
To meet fixed expenses and allow for discretionary spending
What is the main purpose of short-term planning?
To meet fixed expenses and allow for discretionary spending.
Is discretionary spending the same as spending on goods and services?
No, 'discretionary' spending is that which you choose to make rather than have to make.
Example of discretionary spending?
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
What portion of discretionary spending is typically spent on?
The portion of discretionary spending typically spent on defense varies. If a country is at war, the discretionary spending percentage will be higher for defense.
What is the difference between discretionary and non discretionary spending?
Discretionary fiscal policies are those that are enacted in response to a need, for example, a tax cut. Non-discretionary fiscal policies are those that happen regardless of conditions or need, for example, the welfare system.
How is mandatory and discretionary spending similar?
Mandatory spending - Spending that the Government must spend. Discretionary spending - Spending category through which governments can spend through an appropriations act.
Which of the following best explains the main purpose of short term planning?
To meet fixed expenses and allow for discretionary spending.
How does discretionary spending differ form mandatory spending?
mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices
What can be removed from a budget if spending is higher than income?
Discretionary spending
What portion of descretionary spending is typically spent on defense?
The portion of discretionary spending typically spent on defense varies. If a country is at war, the discretionary spending percentage will be higher for defense.
What are the differences between entitlements mandatory spending and discretionary spending?
Mandatory spending is required by law and the other is not.
