The main goal of the creation of the federal budget is to decide how to manage the government’s tax revenue and expenditures. Therefore, the correct answer is c.
The federal budget is made of the spending and revenues of the government. It is a detailed plan towards the annual public revenue and spending of the United States Federal government.
<h2>Further Explanation</h2>
The US federal governments used the federal budget to funds or finance its many expenses such as
- Payment of the salaries of federal employees
- Payment for the equipment of the military
- Dispersing subsidies on agriculture
The fiscal year of the Federal government starts on October 1 and ends on September 30 of the following year.
The revenue for the federal government of the United States comes from tax revenues.
The tax revenues are those on the following:
- Family incomes
- Custom duties
- Tariff
- Business profits
Some of the activities that the government also imposed the use of taxes include
- Cigarette smoking
- Alcohol consumption
- Gasoline
However, there US federal budget contains 2 kinds of spending, which are
- Mandatory spending
- Discretionary spending
Mandatory spending is federal government spending on particular programs that are mandated by law.
These programs include
- Medicare
- Social security
- Medicaid
Mandatory spending is also called as entitlement spending.
Discretionary spending is spending that are approved by the passage of individual appropriation bills.
LEARN MORE:
KEYWORDS:
- budget
- federal
- businesses
- tax
- government
- spending
- revenue
The story numbers give us is an amount of a price, because them actually being the price is telling us.
Answer:
What was taxation like on the day a group of men in Philadelphia released a document that would change the world, 240 years ago? Taxation in the United States in 1776 was incredibly different than what it is today. There were no income taxes, no corporate taxes, and no payroll taxes.
Answer:
(3). Yet, libraries did not exist until the 19th century, which slowed progress for peasants and the poor
Explanation:
The renaissance period was a period from the 14th to 17th centuries that humanist views became quite popular. It was a period of rebirth in European culture, economy and politics. Individuals became open minded, curious, creative, and innovative. There was wide spread desire to learn new things as the popular humanistic views of this time brought more wealth and security during this period. However libraries did not exist till the 19th century. This is seen to contradict or critique the preceding summaries above as increased learning should have meant more libraries.
Well, as a girl I would feel pressured to be a mother and a wife because that’s what the schools are teaching me. I would feel lucky to be a student, because many other kids my age don’t get to go to school.
