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The banking and financial services industry spends the most money on information technology at 10.5 percent. The education and government industry also spend a significant amount on IT.

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What are 3 ways government spends tax money?

the government spends this tax money by aiding and helping everyone to obtain all their needs in the society and 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.


What information can be placed on a business budget template?

There is much information that can be placed on a business budget template. Examples of information that can be placed on a business budget template includes what to spend money on in the future and the exact amounts of money in dollar form.


What is differentiate assets and liabilities?

So many people misunderstand Asset and Liability, they seems to refer to liability when talking of asset. Properties like car, house etc have always been the substances for the misunderstanding. However, Asset is simply any substance (property) that brings or accrues money to an individual while Liability is any substance that an individual spends money on, that which takes out money from your pocket.


Name some users of accounting information?

All businesses, organizations, and government agencies must use accounting information. These entities cannot run without money to pay for things like overhead, personnel, goods, services, etc. Also important is how much money there is to spend, how the money is spent, if there is profit or reserve, and if so, how much. Accounting information is how these needs are kept track of. This information is provided to the officials and personnel responsible for the money and financial transactions of the company, organization or agency.

Related Questions

What was the impact of economic reforms in India on the customer loyalty in Information Technology Industry?

It can change the world by having more money


Who spends government money?

The government spends it.


A man spends one fifth of the money in his wallethe then spends one fifth of What is lefthe spends 36.00 in all how much money did he start with?

started with 100


Why questions such as who spends the money has no auxiliary verb?

The word "who" acts like the subject of the sentence, so the question is constructed like a declarative sentence. For example: "Who spends the money?" "Bobby spends the money."


How much money does a information technology earn?

as much as he wants to


How does information technology help in increasing efficiency in economy?

Information technology helps with increasing efficiency in the economy because it improves on efficiency of jobs and money relocation.


A person who spends his money recklessly?

spendthrift


What do you call a person who spends money?

spendthrift


Is information technology as vital to modern global business as money Why or why not?

Yes and no. Information technology can be and is very vital to global business, but money is the main thing. In this day and age, everything has a price and money will ultimately be the more vital approach.


Use of information technology in the banking sector?

Computing and information technology has effected and essentially revolutionised the banking industry within a broad variety of ways, it has allowed the use of credit cards to be broadly used upon the banking spectrum and has reduced the amount of 'Physical' money drastically. Did you know now less then 8% of the world money is actually physical the rest is virtual money stored upon accounts and so on!


Where does the Cuban government spend their money?

The Cuban government spends most of their money on importing goods such as oil and food. It also spends a significant amount of money on relief programs for its citizens.


What country spends the most money on research?

The United States spends the most money on research and development compared to any other country in the world.