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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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Explanation:

A SWOT analysis is a framework that is used to analyze a company's competitive positioning in its business environment. Coca-Cola is carefully reviewing its SWOT analysis and using it to make strategic decisions. ...

4 0
3 years ago
To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Fi
ser-zykov [4K]

The annual percentage rate is 11.19%.

Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.

.

  • The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,

<u>Given data</u>

Net Proceed = $63,159.72

Maturity Value = $68,000

Period of Note = 250 days

APR = ($68,000 / $63,159.72 - 1) * (365 / 250)

APR = 0.076636 * 1.46

APR = 0.1119

APR = 11.19%

Therefore, the annual percentage rate is 11.19%.

See similar solution here

<em>brainly.com/question/19636374</em>

8 0
2 years ago
A municipal bond carries a coupon rate of 5.45% and is trading at par. What would be the equivalent taxable yield of this bond t
podryga [215]

Answer:

7.78%

Explanation:

Equivalent taxable yield can be calculated as follows

Equivalent taxable yield = Coupon rate / 1 - Tax Rate

Equivalent taxable yield= 5.45%/ 1 - 30% x 100

Equivalent taxable yield = 7.78%

4 0
3 years ago
URGENT 20poinThe income of the individual falls under one main category​
Zinaida [17]

Answer:

ok

Explanation:

ok what's the questioned

7 0
2 years ago
Read 2 more answers
What is the definition of conformance
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In my own words, i’d say conformance means people following and complying with rules, standards, and laws.

hope this helps :)
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2 years ago
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