Why does the federal government collect income taxes in installments rather than waiting until the end of the year? answers?

2 answers:

6 0

The federal government collects income taxes in installments rather than waiting until the end of the year for a variety of reasons. The primary reason is for cash flow purposes. The government's cash expenditures are ongoing throughout the course of the year so in order to manage cash flow to allow for payment of the expenses they need periodic inflows as well. This is the practical purpose for the installments. Failure to have periodic cash flows to match periodic expenditures would also result in the need for heavier short term borrowing which would further increase expenditures in the form of increased interest incurred. Cost savings is therefore a second reason.

damaskus [11]4 years ago

6 0

It is more convenient for the government and taxpayers to collect in installments.

You might be interested in

The Queen's publicists chose Annie Leibovitz to shoot the queen because they wanted to _____.

devlian [24]

because they wanted to launch the American state visit with a striking set of images

6 0

3 years ago

Read 2 more answers

The majority of Australia's population tends to be found in what part of the country? A) in the center B) in the southwest C) al

topjm [15]

The correct answer is C. because the interior is mostly deserts and you can't live in deserts, and the western coastline is still deserts a bit.

3 0

4 years ago

Read 2 more answers

While visiting Thor's Hammer in Bryce Canyon National Park, you observe red coloring on the landform. What natural process most

jekas [21]

Chemical reaction on the hammer

5 0

3 years ago

Read 2 more answers

The first Levittown, built by William and Alfred Levitt outside of New York City, represented a new form of suburbs in the Unite

yawa3891 [41]

some of the factors that contributed to the success of the Levitts and to the spread of suburban housing overall-----

the dream of home ownership

inexpensive mass-building techniques

government-backed low-interest loan

About Levittown:

The first Levittown has become a legend in the history of the American suburbs. Even at the time, the iconic community represented for many all that was hopeful and wholesome for the estimated twenty million Americans who followed Levittown’s lead and made the trek to suburbia in the 1950s.

The Construction of Levittown:

In the years after World War II, however, not everyone could attain that promised tranquility. One problem was a severe housing shortage. A combination of unusually high birth rates (which bred the baby boomer generation) and plummeting construction left many families struggling to find any suitable shelters, sometimes living in boxcars, chicken coops, and large iceboxes

Learn more about sub-urban housing:

brainly.com/question/9843815

#SPJ4

4 0

2 years ago

Why did Seward buy Alaska?

kolezko [41]

Answer:

The correct answer would be 2, to kick Russia out of North America

Explanation:

5 0

3 years ago