Aleah4806 Aleah4806

06-12-2019
Business

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If the state of Washington's government collects $75 billion in tax revenues and total spending in the same year is $74.8 billion, the result will be a:
a. budget deficit.
b. budget surplus.
c. a decrease in the payroll tax.
d. a decrease in proportional taxes.

Respuesta :

ewomazinoade ewomazinoade

07-12-2019

Answer:

b. budget surplus.

Explanation:

A budget surplus is when income from taxes exceeds government spending .

The budget surplus = $75 billion - $74.8 billion = $0.2 billion

A budget deifict is when government spending exceeds income from taxes.

I hope my answer helps you.

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