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The excess of income over expenditures is called?
The excess of income over expenditures is known as Savings. S= Y(d)-C Where; S= Savings Y(d)= Disposable Income C= Consumption Expenditures
How much will a trustee take out of your monthly income in a chapter 13 bankruptcy Is it a certain percentage?
It's your disposable income. The debtor files a statement of income and expenditures. The expenditures cannot be unreasonably high. The chapter 13 payment is the difference between the income and expenditures.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
What is required of Congress to publish a statement of all expenditures and income?
Reports of the living costs, non-priority debts, priority debts and income are required of the Congress to publish a statement of all expenditures and income.
What is the resulting figure when income is greater than expenditures?
Savings.
What is balanced budget?
A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.
Congress is required to publish a statement of all expenditures and income?
True
What determines the magnitude of circular flow of income and expenditures?
Aggregate demand
Which expenditures was greater than the expenditure on health?
B) Income security
How do you do adjusting entries?
You adjust the entries by crediting the income and debiting the expenditures.
What do you use to make sure your expenditures don't exceed your income?
ghs
On IRS Form 1120H may items C and D contain the same dollar amount?
Form 1120-H is U.S. Income Tax Return for Homeowners Associations. Item C is Total Expenditures made for purposes described in 90 percent expenditures test. At least 90 percent of the expenditures must involve expenses for acquiring, building, managing, maintaining, and caring for property. Current and capital expenditures are included. Not included are such items as investments or transfers of funds held to meet future costs. Item D is Association's total expenditures for the tax year. This total also includes expenditures directly related to exempt function function. Item D is a total of expenditures. But Item C is to show that the required percentage (90 percent) for expenditures in particular areas has been met. For more information, go to www.irs.gov/formspubs for Instructions for Form 1120-H.
