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
There are things that will disqualify a person from police service. Drug use beyond "experimentation" will likely disqualify a p
Goshia [24]

Answer: Using heroin once after the age of 21

Explanation:

I did a quick look up and I belive this is the answer. Hope it helps

5 0
3 years ago
Imagine that after completing your economics course (you get an A, of course) you are at a family gathering. Your grandmother as
adoni [48]

Answer:

Consumer Price Index for Urban Wage Earners and Clerical Workers

1. You will get $16,875.

Explanation:

a) Data:

Last year's Medicare allowance = $15,000

CPI last year = 144

CPI this year = 162

Calculation:

This year's Medicare allowance = $16,875 ($15,000/144 x 162)

Another way of working out this year's allowance for my grandmother is to calculate the percentage increase.  This amounts to an increase of 12.5% (162 - 144)/144

This shows that the CPI increased by 12.5% and the Medicare allowance will also increase by 12.5%

Thus, the Medicare allowance for this year will be $16,875 ($15,000 x 1.125)

5 0
3 years ago
Visiting a possible location for a convention called a inspection
FrozenT [24]
It's called a site inspection.
6 0
3 years ago
You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 27% mar
GrogVix [38]

Answer:

The most you can pay for the pitcher is $17.32

Explanation:

A mark up is a percentage that is always applied on the cost to come up at a required gain over cost. The cost is always taken to be 100% when apply a mark up on cost.

If the mark up is of 27% and cost is 100% then a selling price of 22 will be equal to cost + markup.

Let cost be x.

Selling price = Cost + Mark up

22 = 100% * x + 27% * x

22 = 1x + 0.27x

22 = 1.27 x

22/1.27 = x

x = $17.3228 rounded off to $17.32

7 0
4 years ago
On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December
harkovskaia [24]

Answer:

Utility expense Dr.                      $200

  Accounts payable Cr.                $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr.  $200

  Accounts payable Cr.    $200

(To record the entry for electric expense)

8 0
4 years ago
Other questions:
  • Randy sells cars. He receives $300 for every car he sells. Randy earns a ______. a. commission b. salary c. wage d. pension
    7·2 answers
  • Each of the following people bought a watch that costs $300. Which of the following people will pay the most for their purchase
    6·2 answers
  • Exercise 6-9 Whispering Winds Corp. uses the lower-of-cost-or-market basis for its inventory. The following data are available a
    9·1 answer
  • 8-8 Outsourcing (LO 3) The Outland Company manufactures 1,000 units of a part that could be purchased from an outside supplier f
    15·1 answer
  • A person with no postsecondary education is most likely qualified for a career as
    15·1 answer
  • Since 70 percent of preferred dividends received by a corporation is excluded from taxable income, the component cost of equity
    7·1 answer
  • On December 21, 2016, Alpha Company accepted from Bravo a $10,000, 90-day, 8% note in lieu of an existing $10,000 account receiv
    6·1 answer
  • Neeed helppp
    5·2 answers
  • Mark Company’s balance sheet reported total assets of $754,000, which include: cash, $48,000; accounts receivable, $130,000; lan
    9·1 answer
  • An agent made written disclosure to his employing broker-dealer that he intends to execute a series of private securities transa
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!