The amount that we owe in Federal Income taxes is $1,350.
<h3>What is a
Federal income tax?</h3>
The federal income tax is a tax payable on Income earned in affiliation with federal salary, wage etc.
The tax rate for Federal income which is lesser than $20,000 is 2.0% while 3.0% for Income less than $50,000.
Hence, for $45,000, the tax rate of 3% will be applied.
Tax amount = Taxable income * Tax rate
Tax amount = $45,000 * 3%
Tax amount = $1,350.
in conclusion, the amount that we owe in Federal Income taxes is $1,350.
Read more about Tax rate
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Answer:
A. Government spending
Explanation:
Government spending includes al the expenditures made by the public sector for the development of the country and its people. It includes al the expenditure related to the government consumptions, investments and payments initiated.
It has been brought into highlight that the government of the United States have shown a considerable rise in the expenditure for the upliftment of the Americans. These expenditures included expenses for educational and training purposes, defense service and the payments.
Answer:
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Explanation: