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What is a budget called when you spend no more than you have?
The Federal Government's Budget.
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
What is income tax spent on?
Federal income taxes fund the federal budget. The federal budget is spent in a variety of ways, from military and defense spending, federal employee salaries, federal buildings, grants to state/local governments for various projects, such as roads and schools, foreign aide as well as everything else the federal government does. Check http://www.gpoaccess.gov/usbudget/ for more info about how/where the federal government spends money.
What are federal and state taxes used for?
The federal government collects taxes to finance various public services. This paper were constructed on the basis of classifications commonly used by budget agencies.
In what year was the superannuation guarantee levy introduced?
The Super Guarantee was announced in the 1991 Federal budget (the last budget of the Hawke Government). It was introduced in 1992 under the Keating Government at the rate of 3%, with the intention of increasing to 9% (which is its current rate).
Who proposes the budget and who approves the budget for the federal government?
The President proposes and the senate approves federal budgets.
What is a budget called when you spend no more than you have?
The Federal Government's Budget.
What is the role of the office and management budget?
to manage the federal government’s budget
What is the role of the office management and budget?
to manage the federal government’s budget
Who handle finances of federal government?
The Treasury Department handles finances of Federal Government. They help create the federal budget.
What was the budget situation of the federal government at the end of the twentieth century?
C. there was a budget surplus
What is the total amount of the government's budget?
In 2014, the US federal government budget is $3.8 trillion. For 2015, the President has requested a budget of $3.9 trillion.
Where does NASA get its money?
NASA receives its funding primarily from the federal government of the United States. The agency's budget is approved by Congress each year as part of the federal budget process. Additionally, NASA may also receive funding from other sources such as private partnerships or international collaborations.
How long does it take the federal government to prepare a budget?
It takes one year for the federal government to prepare a budget.
What percentage of the federal government budget is allocated to different sectors as shown in the pie chart?
The pie chart displays the percentage of the federal government budget allocated to various sectors.
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
What percentage of the federal budget is spent on government salaries?
75
