1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scorpion4ik [409]
3 years ago
11

Please help For what do governments use tax revenues?

Business
1 answer:
Irina18 [472]3 years ago
3 0

<u>Explanation:</u>

The revenue for the government is sourced through taxes. The government spends the tax money in three categories they are compulsory spending, discretionary spending and paying interest on the federal debt.

Mandatory spending by the government includes spending for medical aid, social security and other welfare programs such as unemployment, child nutrition programs, under privileged families etc. Discretionary spending is used for defense and non defense expenses. Non defense expenses are urban development. Veterans and students education are the other programs for which the government spends.

You might be interested in
Venus Company has the following information: Month Budgeted Sales January $90,000 February 85,000 March 92,000 April 79,000 Budg
gayaneshka [121]

Answer:

$20,600

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of the asset.

Depreciation is a non-cash item in the income statement as the actual cash spent for the purchase of the asset would have been capitalized in the balance sheet.

Hence the  total cash disbursements budgeted for operating expenses for the month of January would not include depreciation.

Total cash disbursements budgeted for operating expenses for the month of January

= $15,000 + $12,000 + (4% × $90,000)

= $15,000 + $12,000 + $3,600

= $20,600

4 0
3 years ago
_______ are combating competitive pressures by increasing the amount of exclusive and private label merchandise, strengthening c
notka56 [123]

Answer: B: Department stores

Explanation: Department stores, like most retailers, are experiencing greater competition and need to take extra steps to compete.

8 0
2 years ago
A financial advisor offers you two investment opportunities. Both offer a rate of return of 11%. Investment A promises to pay yo
dsp73

Answer:

The value of x is 566.36

Explanation:

The value of x should be such that the present value of both Investments is the same when discounted at a rate of 11%. To calculate the present value, we use the following formula,

Present Value = CF 1 / (1+r)  +  CF 2 / (1+r)^2 + ... + CFn / (1+r)^n

Where,

  • CF represents Cash flow
  • r represents the discount rate

So, we equate both the present value of Investment A and B to calculate the value of x.

Present Value of A = Present Value of B

450/(1.11)  +  650/(1.11)^2  +  850/(1.11)^3 = 850/(1.11)  +  x/(1.11)^2  +  450/(1.11)^3

1554.472661  =  765.7657658  +  x/(1.11)^2  +  329.0361216

1554.472661  -  765.7657658  -  329.0361216  =  x/(1.11)^2

459.6707736 * (1.11)^2  =  x

x = 566.3603602 rounded off to 566.36

3 0
3 years ago
Annalise received financial aid offers from two universities.
kogti [31]

Answer:

Option A will save her $4,500

Explanation:

Calculation to determine Which statement about the costs per year is true

First step is to calculate OPTION A cost per year

Option A Costs per Year

Work-Study $4,000

Tuition & Fees $10,000

Scholarship & Grants $7,000

Room & Board $11,500

Total $18,500

Second step is to calculate OPTION B cost per year

Option B Costs per Year

Work-study $4,000

Tuition & Fees $28,000

Scholarship & Grants $18,000

Room & Board $9,000

Total $23,000

Now let determine Which statement about the costs per year is true

Costs per year= $23,000-$18,500

Cost per year=$4,500

Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.

7 0
3 years ago
Which is intended to collect revenue?<br><br> taxation<br> antitrust law<br> censorship<br> tariff
Volgvan

Answer:

taxation

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Kate recently invested in real estate with the intention of selling the property one year from today. she has modeled the return
    5·1 answer
  • Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:
    5·1 answer
  • Wire rope rigging equipment slings must have the ability to bend without cracking, withstand abrasive wear, and withstand abuse.
    12·2 answers
  • By comparing opportunity costs and gains from trade for two parties each making the same two goods, one can determine the exact
    11·1 answer
  • Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period;
    13·1 answer
  • OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash
    6·1 answer
  • At the Sol Wave House hotel, located on the beautiful island of Majorca, Spain, a Twitter concierge stays in constant contact wi
    13·1 answer
  • If a manager rates an employee higher than he or she deserves in order to look good as a manager in the eyes of his or her own s
    5·1 answer
  • An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
    12·1 answer
  • Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to establish a petty cash fund of $1,200
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!