The table below shows hypothectical figures of revenue and spending for the Canadian government For simplicity, assume that all ofthe spending grants to other levels of government were spent in Canada on goods and services.REVENUESPersonal income taxesCorporate income taxesOther income taxesGST and excise taxesEX premiumsFederal Government's Budget Plan for Fiscal Year ($billion)OUTLAYS$11526Transfers to personsSpending grants to other levels of governmentPublic debt chargesDirect program spendingTotal OutlaysProjected Budget Plan Surplus34519Other revenues22Total Revenues230a. The projected NTR in this budget plan is $billion.b. The value of NTR less government spending on goods and services (G) is $Round your answers to 1 decimal place.The percentage of total revenue made up by personal income taxes isd. The percentage of total revenue made up by corporate income taxes is 6.e. The percentage of total outlays made up by transfer payments to persons isThe percentage of total outlays made up by public debt charges is%.Prev 1 of 14O Searchbillion.SAMSUNG%465Next >$4046287518941

Net tax revenue will be calculated as tax revenue minus transfer payments. The transfer payments…

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all o the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EX premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $115 26 3 Transfers to persons Spending grants to other levels of government Public debt charges 45 19 Other revenues 22 Total Revenues 230 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate inco taxes is e. The percentage of total outlays made up by transfer payments to persons is %. The percentage of total outlays made up by public debt charges is % Direct program spending Total Outlays Projected Budget Plan Surplus billion. 96. billion. $40 46 28 75 189 41

The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all o the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EX premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $115 26 3 Transfers to persons Spending grants to other levels of government Public debt charges 45 19 Other revenues 22 Total Revenues 230 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate inco taxes is e. The percentage of total outlays made up by transfer payments to persons is %. The percentage of total outlays made up by public debt charges is % Direct program spending Total Outlays Projected Budget Plan Surplus billion. 96. billion. $40 46 28 75 189 41

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 19E

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Similar questions

Have spending and taxes by state and local governments In the United States had a generally upward or downward trend in the last few decades?
Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?
Why is government spending typically measured as a percentage of GDP rather than in nominal dollars?
What are the main categories of U.S. federal government spending?
CIENCES QUESTION 1 Study the bar chart regarding the National Budget's tax revenue and answer the questions that follow: WHERE WILL THE MONEY COME FROM IN 2021/22 AND HOW WILL IT BE SPEND GOVERNMENT SOURCES OF REVENUE 2021/22 Tax R1 365.1milj 72.6% Loans R 482.6milj 25.7% Non-tax income R 32.5milj 1.7% 1 Which revenue contributes the most to the National Budget? Give the percentage. Which revenue contributes the least to the National Budget? Give the percentage. Give ONE example of a income that is not tax. TAX REVENUE, 2 021/22 Personal inseme tax
a greatera smallerdecrease in government spendingdecrease in net taxesincrease in government spendingincrease in net taxesnono change in government spendingno change in net taxes
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes $120 28 2 48 18 Other revenues 21 Total Revenues 237 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. c. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total outlays made up by transfer payments to persons is f. The percentage of total outlays made up by public debt charges is Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS Other income taxes GST and excise taxes EI premiums Transfers to persons Spending grants to other levels of government Public debt charges Direct…
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The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes. GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $95 36 5 47 13 17 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus Other revenues Total Revenues 213 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ billion. billion. $42 36 31 100 209 4
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Complete the following table and answer one question. a. Assuming an 8 percent sales tax is levied on all consumption, complete the following table: Instructions: Round your responses for "Sales Tax" to the nearest whole number. Round your responses for "Percentage of Income Paid in Taxes" to one decimal place. Income Consumption $10,000 20,000 40,000 80,000 Sales Tax $11,000 $ 20,000 $ 1,400 36,000 $ 2,520 60,000 $ 4,200 x 770x Percentage of Income Paid in Taxes 7.7% 7.0% 6.3% X 5.3%