Q: What do you think is the reason why governments grants "exclusion from the gross income
A: Possible reasons why government grants exclusions from gross income can be as follows. 1) To…
Q: Discuss how the national credit act treats reckless trading
A: Nationnal Credit Act:- It is an Act for all consumers who seeks credit in market palace. this act…
Q: Describe the different taxes that government uses to collect revenue.
A: Describe the different taxes that government uses to collect revenue.
Q: Governments are prevented from borrowing unlimited funds through the enforcement of debt limits.…
A: Debt limit refers to the limit on the debt that a government can borrow. It shows the limits of…
Q: One measure of "ability to pay" the national debt is the debt to
A: Debt/GDP Debt to GDP ratio indicates that ability of country to pay national Debts. By comparison…
Q: The public debt is the sum of all previous: Budget surpluses minus the current budget deficit of…
A: Introduction: The entire amount borrowed by the government to meet its development budget,…
Q: (A) A decrease in personal income taxes (B) A decrease in government spending (C) An increase in…
A: Aggregate demand can be increased by many ways federal bank takes many initiatives to increase the…
Q: Why do deferred taxes arise
A: The deferred taxes usually arise when there is balance of over or advance payment of taxes to an…
Q: What is a federal deficit? How is it managed?
A: A deficit implies when a nation's expenditure surpasses the nation's revenue. That means deficit…
Q: What does deficit spending require a government to do?
A: Deficit spending is termed as when the expenditure is more than the earnings.
Q: What is issue of payments deficits
A: Introduction:- payment of deficit means:- Country imports more goods, services, and capital than…
Q: A government’s MD&A states that government-wide net position decreased as a result of the issuance…
A: Net position: In simple term net position is a gap between Total asset and Total Liability. On…
Q: In the issuance of treasury bills (T-bills) the government is the a. Debtor b. Creditor c. Guarantor…
A: The treasury bills are the financial instruments for the business which are used to raise money from…
Q: What restrictions are placed on state and local government debt in Texas?
A: State and Local government Debt In a simple word the term state and local government debt which…
Q: What is GSE (government-sponsored enterprise) debt?
A: Government-sponsored enterprises (GSEs) are the bonds which are supported by U.S. government. These…
Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to accounting for income…
A: Generally Accepted Accounting Principles: GAAP (Generally Accepted Accounting Principles) is a…
Q: The federal government is required to recognize liabilities from nonexchange transactions When…
A: Liabilities refer to the obligations that are required to fulfilled in the future by the business.
Q: What is a temporary difference related to deferred taxes?
A: Deferred Taxes: The timing difference of tax effect called Deferred tax. Its recognized on all…
Q: Blank income is subject to federal taxes?
A: What is Federal Taxes? Federal revenue enhancement is that the tax levied by the inner Revenue…
Q: Internal revenue taxes are national taxes. a. True b. False
A: Internal Revenue Taxes:- At the national level, taxes imposed and collected in respect of the…
Q: explain the derecognition of debt;
A: Derecognition of debt As bonds are issued, then an entity may leave a bond that is outstanding till…
Q: What are the constitutional limitations on the State's power to tax
A: Constitution of the United States: The Constitution of the United States is the preeminent law of…
Q: Explain the differences between domestic debt and external debt.
A: Debt is defined as money borrowed through one party by another. Many businesses and people utilize…
Q: 12. When the federal government finances a deficit, the government may: A) lower taxes. B) increase…
A: Deficit is a situation wherein government spend more money then its revenue. In simple words…
Q: Vat tax - the popularity of this type of tax, the nature of this type of tax and the effect on…
A: Value Added Tax (VAT): It is a consumption tax placed on manufactured goods, at whatever time value…
Q: Why might the general obligation bonds of a state yield a return different from revenue bonds issued…
A: The question is based on the concept of municipal bonds used as debt security by local government to…
Q: fiscal
A: Introduction: Tax can be defined as mandatory levy by the government on the citizens of the country.…
Q: Interest payments on federal government bonds which are owned by the central bank 1, are recorded…
A: Interest payment is made by the issuer of securities to the buyer of securities in the consideration…
Q: Define after-tax cost of cost of debt
A: The amount that is raised by the company by issuing the bonds or borrowing from the financial…
Q: i need definations only with example Long term financing defination ?…
A: We’ll answer the first three questions since the exact one wasn’t specified. Please submit a new…
Q: Arrange the following revenues in the federal government, from greatest to least: -excise taxes…
A: Solution Concept The revenues in the federal government is high from some source and low from some…
Q: Social Security represents a large portion of the Federal budget, so it is often looked at as a…
A: The correct option Is False. The purpose of the United States congressman is to discuss, debate,…
Q: Government debt securities are issued by Whose obligations are they?
A: Government debt securities are those securities that are issued by the federal government to provide…
Q: Financial statements in the United States are reported in U.S. dollars. What assumption supports…
A: Accounting Assumptions: Accounting assumptions state, how business is operated and provides a…
Q: An income tax is an example of which of the following?a. Derived tax revenue.b. Imposed nonexchange…
A: Answer: Option a.
Q: How does the budget become a law?
A: Solution- Budgets are the beating heart of state governmental method. They specify however cash…
Q: realization in federal taxation
A: For federal income tax purposes, realization is a requirement on what should be included as income…
Q: What are Statutory Legal Reserve and revenue reserve?
A: A reserve refers to the amount that is put aside by the Company for following purposes that are:-…
Q: Briefly describe the concepts of; Letter of credit, trade deficit, negotiable instrument and credit.
A: Letter of credit is a financial instrument that is used as a mode of payment specifically for…
Q: Federal income tax withholding = $
A: Answer: Federal income tax withholding: An employer should withhold an estimate amount from employer…
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- 2. Which of the following is a fiscal policy that would increase aggregate demand in the short-run? (A) A decrease in personal income taxes (B) A decrease in government spending (C) An increase in corporate income taxes (D) A purchase of government bonds by the Federal ReserveWhen a government lowers taxes it is employing ________. A) fiscal policy B) monetary policy C) domestic policy D) the law of one priceHow can a federal budget deficit increase market equilibrium interest rates and reduce private investment and future economic growth?
- If the interest rate rises, the a. quantity of loanable funds demanded by firms decreases b. quantity of loanable funds demanded by government increases c. quantity of loanable funds demanded by government decreases d. quantity of loanable funds demanded by firms increasesInterest payments on federal government bonds which are owned by the central bank 1, are recorded as central bank profits and then paid to the government as dividends. 2, are recorded as central bank profits and paid out to the private investors who own the central bank. 3, necessitate an increase in taxation so that they can be funded. 4, lead to a decrease in the money suppy.Which of the following is most consistent with using debt to reduce agency costs or conflicts? Question 11 options: Increasing debt reduces a firm’s business risk The interest paid on debt reduces taxable income and income taxes The interest paid on debt reduces cash that management of a firm might otherwise waste or use poorly The issuance of debt helps firms increase their credit rating
- Choose the correct answer 1.) Which of the following measures would result in an increase in the money supply in the economy? [S1] Sale of government securities to the public by the central bank. [S2] Increase in the expenditure by the government. [S3] Reduction in tax collection by the government. [S4] Purchase of government securities from the public by the central bank. A.) Statement 3 only. B.) Statements 2 and 4 only C.) Statements 1 and 3 only. D.) Statements 2, 3 and 4. 2.) The currency notes in circulation as well as the proportion of the total money supply held in the form of currency are influenced by which of the following? [S1] The trade volume in the economy [S2] The level of prices in the economy [S3] The development of banks and banking habits of the people A.) Statements 1 and 2 only B.) Statements 2 and 3 only C.) Statements 1, 2 and 3 D.) Statement 3 only 3.) What is the most likely effect of financial innovation and increasing real GDP, respectively, on the demand…Suppose the economy is in a recession and the government is running a budget surplus. This implies the government is running a __________ and decreasing its __________. structural surplus; net debt structural deficit; net debt structural deficit; net asset structural surplus; net asset balanced budget; net asset3. Changes in discretionary fiscal policy (e.g., taxes) and automatic stabilizers (e.g., unemployment insurance benefits) can have significant unintended effects on all of the following except the incentive to spend. the incentive to save. the incentive to work. the incentive to purchase imported goods. TOSHIBA
- 1.) Which theory of taxation states that without taxes, a government would be paralyzed for lack of power to activate and operate it, resulting in its destruction? a. Lifeblood theory b. Reciprocity Theory c. Symbiotic theory 2.) Which type of tax is already repealed by the CREATE Act? a. Regular Corporate Income Tax b. Minimum Corporate Income Tax c. Improperly Accumulated Earnings Tax d. Percentage TaxThe government announces a cut in the income tax rate. Explain the multiplier effect by analysing how a typical consumer would react to this tax cut and which other decisions this reaction would trigger in the economy.Open market operations are used by the federal government as a means of changing the money supply in the economy . True False