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In the USA, at the highest level it is the Congress (House of Reps). They are the only body that has the ability to FUND government spending. After them, it is the Government Agency that is given the spending authorization. After them, it is the Treasury that hands out the Money.
What else can I help you with?
What is federal spending?
Government spending is the amount of money that a government allocates and eventually spends in a specific period of time. The US government spends about one trillion dollars per year.
If their is high inflation and the federal government spends less and raises taxes the government is utilizing what?
fiscal policy
If unemployment is high and the federal government spends more and lowers taxes the government is utilizing what policy?
fisical policy
What do we use tax for?
Taxes are used when ever the government spends money. Anything that was government-funded used tax money.
What describes a contractionary fiscal policy position?
The government spends less money than it earns by cutting its spending or by raising taxes. A+
What is government accounting?
Government accounting is the authorizing, tracking and recording of revenue and expenditures. It can govern how taxes are raised and how the executive of a government spends the proceeds.
Does a large amount of our taxes go to schools?
The government determines these things based upon a set criterion and can differ between locations. All taxes are not split up evenly between states, as well as nationally. Here is a link for a brief overview of how your taxes are spent. http://www.msnbc.msn.com/id/23924282/ns/business-personal_finance/t/how-government-spends-your-taxes/
The city council has decided to add a 0.3 tax on motel and hotel rooms If a traveler spends the night in a motel room that costs 55 before taxes how much will the city receive in taxes from him?
$55 x .003 = $0.165 answer: 17 cents
Does Congress have to take in enough money in taxes to pay for everything it spends?
No. In Article 1, Section 8, Congress has the right to borrow money on the credit of the United States. Nothing in the Constitution requires that all government expenditures be paid for by taxes only.
What is the meaning and objectives of Fiscal policy?
Fiscal policy is how the government taxes and spends money. The objective of fiscal policy is to influence the economic activity of the governmentâ??s country.
What is the term used to describe the situation when the government spends more money than it collects in taxes?
The term used to describe the situation when the government spends more money than it collects in taxes is called a budget deficit. This occurs when government expenditures exceed its revenues, leading to the need for borrowing or increasing debt to cover the shortfall. Persistent budget deficits can raise concerns about fiscal sustainability and economic stability.
If sales taxes are levied at a rate of 6 percent on all items and Sarah Jones spends 896.20 for a computer system what is the amount of the sales tax?
The total tax is $53.77
