Answered: Where does the federal government…

Where does the federal government obtain almost all of their revenue? foreign governments taxes sales of government property by buying Treasury bonds

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: What is a problem of a government running a large Debt (e.g., debt/GDP ratio of over 100%)?…

A: Government of different countries borrows money from the public, central bank and from foreign…

Q: For tax year 2018 a married couple filing jointly has a taxable income of $120,000. How much do they…

A: Tax refers to a financial charge imposed by a government or other authorized entity on individuals…

Q: Which of the following is a source of Federal Revenue? A. Personal Income Tax B. Payroll Tax…

A: Federal Government makes expenditure and for meeting the needs of expenditures, federal government…

Q: How does a government agency raise revenue differently from a private company, and how does that…

A: The private sector is the portion of the society which is driven by gain through people and…

Q: Why would the private sector purchase government debt?

A: Government debt refers to government selling secuities and other instruments that are used to raise…

Q: 14. What is the agency responsible for collecting taxes at the O the Federal Tax Office the…

A: The agency responsible for collecting taxes at the federal level is the Internal Revenue Service.

Q: help please answer in text form with proper workings and explanation for each and every part and…

Q: What are some of the other realistic options for funding the government other than taxation?

A: One of the most common ways for governments to raise funds other than taxation is through borrowing.…

Q: What is your understanding of Canada's tax structure and its importance in the society?

A: Taxation is a system of compulsory levies imposed by the government on individuals or entities to…

Q: Based on the following data: Taxable income ($) Total tax ($) 1500 5 2500 110 3000 200 4500 400 5000…

A: Taxes are compulsory payment which are made by individuals or institutions to the government without…

Q: Explain three different types of taxes imposed in the United States including the reason for its…

A: Following are the three types of tax imposed in the United States: Progressive Regressive…

Q: States with a corporate income tax are at risk O a) of being found in violation of federal law O b)…

A: Corporate Income tax A corporate tax is basically a type of tax that is imposed on a company's…

Q: State and explain the principles of taxation that would be used in designing and implementing any…

A: A taxation regime plays an important role in the economic development and economic growth of a…

Q: Which of the following is a significant revenue source for state and local governments, but not the…

A: Taxes are the amount charged by the government for the services provided and are the means of…

Q: Income before tax (dollars) 0 20,000 40,000 60,000 80,000 Tax plan A (dollars) 0 2,000 5,000 10,000…

A: In a progressive tax structure is a tax structure in which the tax burden increases as taxable…

Q: Which of the following is not a form of government revenue? a) b) Excise duties Relief grunts given…

A: The correct answer is: Option (b) Relief grants given to the poorRelief grants given to the poor are…

Q: Which of the following is NOT the revenue collected by the central government? a. Population grant…

A: In an economy, Central government makes its budget to determine the expected revenue and expenditure…

Q: Why does a corporation's state income tax cost depend on its marginal income tax rate for federal…

A: Income tax: It is an assessment paid by people or elements relying upon the degree of income or…

Q: QUESTION FOUR The following are given as FUNCTIONS of taxation: 1. Budgetary and allocation 2.…

A: A budget is a financial plan that details expected income and expenses for a specific time period,…

Q: Critically examine the principles of taxation and point out the difficulties in their practical…

A: Taxation is an important part of government revenue. Without taxes it is not possible for a…

Q: Discretionary government spending includes payments made for unemployment compensation. the…

A: Discretionary spending is the amount that the government decides to spend for the upcoming fiscal…

Q: The sources of revenue for state and local governments are ["the same…

A: Revenue is the income generated by the activities carried out by the business organization or by the…

Q: The Federal Government brings in revenue through taxation in all of the following forms EXCEPT: A.…

A: The federal government does not primarily depend on sales and property taxes to generate sales.…

Q: In terms of the Income Tax Act, which one of the following bodies is not exempt from income tax? (1)…

A: Non exemption refers to the conditions where something has to be paid as per the law & cannot be…

Q: Federal revenue consists of taxes levied on

A: Federal revenue refers to the total revenue earned by the government through both tax and non-tax…

Q: Causes of public expenditure

A: The causes of public expenditure is that the public expenditure must be done due to welfare of the…

Q: he U.S tax system a progressive income tax. What is a progressive tax

A: Revenues are required to smoothly run the government. Government earn major parts of the revenue…

Q: Diffrentiate between direct tax and indirect tax

A: Tax is compulsory payments which is made to government, There is no direct quid pro quo. or taxpayer…

Q: TE 1. Federalists believed in a smal federa government

A: When talking about federalists, they are the people in the United States who beleives in the…

Q: ) What type of taxation does a Sole proprietorship have? Single or double B) What type of taxation…

A: Answer is given below

Q: Write an essay about:

A: ANSWER STEP-1 Companies and employees in urban center fancy a number of very cheap taxes within the…

Q: What finances the majority of federal spending? Explain your answer with the clear and supportive…

A: Government spending refers to the expenditure made by the government on national defense, education,…

Q: Critically evaluate the impending rise of sales tax planned by the Japanese government and its…

A: The authorized (GDP) gross domestic product sculpture though was more diminutive than the 7.1% drop…

Q: None

A: In 2011, Standard & Poor's downgrade of the US debt was justified by the significant budget…

Q: identify the various classification of income tax and explain briefly each.

A: An tax may be a tax imposed on people or elements (taxpayers) in regard of the income or benefits…

Q: What are the fundamental principles of taxation?

A: Taxation means levying or imposition of particular amount of tax on individuals by the government in…

Q: Suppose you use your entrepreneurial spirit and economics training to start your own business. In…

A: Insurance is a contract between an individual or entity (the policyholder) and an insurance company.…

Q: WHich are two main types of debt instruments issued by the Australian Government?

A: Debt is an obligation that legally binds the borrower to pay back the lender the principal amount…

Q: Differentiate Tax from Taxation

A: Taxes are of two types: direct and indirect taxes.

Question

Where does the federal government obtain almost all of their revenue?

	foreign governments
	taxes
	sales of government property
	by buying Treasury bonds

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Government Revenue

VIEW

Multiple Choice Answer

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Which of the following is a significant revenue source for state and local governments, but not the federal government in the United States? a-payroll taxes b-income taxes c-corporate taxes d-property taxes
Government spending $515 Tax revenues Year 1 $400 Year 2 459 442 Year 3 529 482 Refer to the above data. If year 1 is the first year of this nation's existence and year 3 is the present year, how much is this nation's public debt?
The federal government currently uses many forms of taxation, both direct and indirect, to raise revenue. Would it not be more effective and less burdensome just to employ a single tax? What would you consider to be a more effective and efficient system of raising revenue?
Question 6 Who pays for government subsidies? Everyone else The wealthy Big business The poor pay thru deprivation of goods and services
Supposed you are offered a job with Amazon upon graduation. Your starting salary will be $70,000 which will put you in the 22% federal income tax bracket. The total amount of income taxes you pay is $11,285.50. Your average tax rate is approximately ______. 25.0% 16.1% 21.3% 13.3% 11.5%
Question 18 The largest source of federal government revenue is which of the following? Other royalties and fees. Corporate taxes. Payroll taxes. Individual income taxes.
1. What taxes are classified as national internal revenue taxes?
The total tax revenue of the government is $400 million and the non tax revenue is $270 million Calculate the tax revenue
What is the impact of income-tax regulations?
Discuss the principles of a sound tax system. (Please include the references, I really need it, thank you)
What is the benefit of having state and local taxes on income instead of collecting all such taxes at the federal level? What is the local tax in your county/city? Make sure to state the county/city and the tax rate. How does this compared to the tax rate of neighboring counties/cities? How do you feel about this? Does the location with the higher tax rate receive better amenities (schools, police, road conditions? Would you rather pay a higher tax for better service?
Draw a curve that shows the relationship between the tax rate and the amount of tax revenue collected. The relationship between the tax rate and the amount of tax revenue collected is called the This curve shows that OA. Reagan; tax cuts can increase tax revenue B. maximum tax rate; taxes can never be too low OC. tax revenue; a higher tax rate brings greater tax revenue OD. Laffer, tax cuts can increase tax revenue curve.