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When a government funds programs at levels greater than the revenue it is receiving?
Wiki User
∙ 10y ago
budget includes deficit spending
Wiki User
∙ 10y ago
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What is the first and main purpose of taxation?
revenue for government programs and operations
What is federal revenue?
AnswerTaxes, taxes and more taxes
Annual recurring revenue (ARR)?
Revenue that a business can count on receiving every year.
What are the Essentials elements of taxes?
The essential element of a tax is a contribution to the state revenue levied by the government. Taxes are used to support government ran programs, government buildings, and to pay incomes of government workers.
What is the liability created by receiving the revenue in advance?
Depends on the nature of the revenue received. Usually unearned revenue, customer advances, contract revenue in advance.
Why is the burden of a tax to taxpayers greater than the revenue received by the government?
Because taxpayers suffer an administrative burden when complying with government taxes. The burden to taxpayers is more than just monetary payments to the government. That burden is the process of figuring out the tax code, the proper way to complete taxes, and possibly paying an accountant. This administrative burden makes the burden to taxpayers greater than the revenue received by the government.
Where does most government revenue come from?
Most government revenue comes from us
What is theory of public revenue?
public revenue is the government income
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
How does the government set up a budget?
A government budget starts with the projection of sources and amounts of revenue and allocates the potential receipts among projects and legislatively mandated programs based on projected needs and public pressure.
What has the author Murray L Weidenbaum written?
Murray L Weidenbaum has written: 'Potential impacts of revenue sharing' -- subject(s): Revenue sharing 'Ten suggestions for Congressional reform' 'The costs of government regulation of business' -- subject(s): Industries, Government policy 'Subsidies in Federal credit programs' -- subject(s): Government lending, Subsidies
Is revenue another name for government income?
No. "Revenue" is any kind of income; it means "money collected". The government uses the word "revenue" to mean "money collected by the government", because the government is mostly concerned with how much money THEY collect, as opposed to somebody elses' revenue. The specific term for "government income" is a "tax".
