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3 years ago

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.

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The process of creating new or improved goods and services or developing better ways to produce or provide them is called ______

julsineya [31]

This is called intervention

7 0

3 years ago

You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all excess reserves and

vfiekz [6]

Answer:

a. $33,333

b. $100,000

c. No, it will not.

Explanation:

a. If the reserve requirement is 12 %, how much will your deposit increase the total value of checkable bank deposits?

Money multiplier = 1/r

Where,

r = reserve requirement = 12%, or 0.12

Therefore, we have:

Money multiplier = 1/0.12 = 8.33 times

This means that my deposit will increase the total value of checkable bank deposits 8.33 times. Therefore, we have:

The total value of checkable bank deposits = $4,000 * 8.33 = $33,333

Therefore, the deposit will increase the total value of checkable bank deposits by $33,333.33.

b. If the reserve requirement is 4 %, how much will your deposit increase the total value of checkable deposits?

r = 4%, or 0.04

We therefore have:

Money multiplier = 1/0.04 = 25 times

This means that my deposit will increase the total value of checkable bank deposits 25 times. Therefore, we have:

The total value of checkable bank deposits = $4,000 * 25 = $100,000

Therefore, the deposit will increase the total value of checkable bank deposits by $100,000.

c. Will increasing the reserve requirement increase the money supply.

No, it will not.

From the above a and b, we can see that the lower the reserve requirement, the higher the money multiplier; while the higher the reserve requirement, the lower the money multiplier.

Therefore, increasing the reserve requirement will not increase the money supply.

8 0

3 years ago

Casey Klemons' agreement (BELO plan) with his employer provides for a pay rate of $16.50 per hour with a maximum of 50 hour. How

KatRina [158]

Answer:

$907.50

Explanation:

Calculation for How much would Klemons be paid for a week in which he worked 46 hours

Amount to paid =(10 × 0.5 × $16.50)+(50× $16.50

Amount to paid=$82.50 + $825

Amount to paid=$907.50

Therefore the amount that Klemons should be paid for a week in which he worked 46 hours is $907.50

8 0

3 years ago

Knowledge management is most popular among businesses in

Bingel [31]

Knowledge management is the the way how knowledge is captured, organized, distributed and effectively used. It is a whole process of managing knowledge that is very important for the success of the business because it builds learning organizations by making learning routine, facilitates decision-making capabilities and stimulates cultural change and innovation. It should be part of every type of business. However, KM is mos popular among business in the business administration, management, health, information systems and services.

7 0

3 years ago

You are analyzing a project and have developed the following estimates. The depreciation is $11,000 a year and the tax rate is 3

77julia77 [94]

Answer:

no option is correct, check the question to see if it was copied correctly and check the work to verify my answer

$1,430

Explanation:

worst case scenario:

2,500 units sold at $16 = $40,000

variable cost per unit $14 x 2,500 units = $35,000

contribution margin = $5,000

fixed costs = $8,500

depreciation expense = $11,000

cash flow = [(contribution margin - fixed costs - depreciation) x (1 - tax rate)] + depreciation

cash flow = [($5,000 - $8,500 - $11,000) x 0.66] + $11,000 = $1,430

8 0

3 years ago