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emmasim [6.3K]
3 years ago
14

If the government for the state of Washington collects $65.8 billion in tax revenues in 2013 and total spending in the same year

is $74.8 billion, the result will be:________.
A an increase in payroll tax.
B an increase in excise tax.
C a budget surplus.
D a budget deficit.
Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

D a budget deficit.

Explanation:

A budget deficit is when government spending exceeds income from taxes.

The State of Washington spent a total of $74.8 billion and had a total income of $65.8 billion. Spending exceeds income from taxes by $9 billion. The State of Washington has a budget deficit.

A budget surplus is when income from taxes exceeds government spending.

I hope my answer helps you.

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