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

Question

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] · Answer 1 · 2022-03-10T03:29:43+03:00

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.