What is the main goal in creating the federal budget?

Asked by maham237 @ in History viewed by 376 People

a.managing businesses and increasing spending on all programsb.deciding how to manage the government’s tax revenue and expendituresc.finding a way to allow the economy to run on its ownd.finding a way to slow down rapid economic growth

Answered by maham237 @


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.

Further Explanation

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:

  1. Family incomes
  2. Custom duties
  3. Tariff
  4. 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

  1. Mandatory spending
  2. 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

Similar Questions

What is the main goal in creating the federal budget

Asked by maham237 @ in History viewed by 460 persons

a.managing businesses and increasing spending on all programsb.deciding how to manage the government’s tax revenue and expendituresc.finding a way to allow the economy to run on its ownd.finding a way …

What is the main goal of the creation of the federal budget?

Asked by maham237 @ in History viewed by 327 persons

What is the main goal in creating the federal budget? a.managing businesses and increasing spending on all programsb.deciding how to manage the government’s tax revenue and expendituresc.finding a way to …

Put the following steps involved in creating the federal budget

Asked by maham237 @ in History viewed by 284 persons

in their correct order, from start to finish. First step The Office of Management and Budget (OMB) prepares a budget proposal. Congress decides on the overall level of spending and …

What was the main goal of the civil rights movement

Asked by admin @ in History viewed by 291 persons

What was a goal of the early civil rights rights movement in the United States

What was the goal of the american federation of labor

Asked by admin @ in History viewed by 268 persons

In the late 19th and early 20th centuries, a major goal of the american federation of labor (afl) was to

What were the goals of the american federation of labor

Asked by admin @ in History viewed by 309 persons

In the late 19th and early 20th centuries, a major goal of the american federation of labor (afl) was to

When was the federal reserve created and for what purpose

Asked by admin @ in History viewed by 260 persons

Why was the Federal Reserve created? O A. To allow states to control the types of currency they use OB. To help stabilize the U.S. banking system O C. To …

The main goal of the chinese exclusion act was to

Asked by admin @ in History viewed by 345 persons

16. The main goal of the Chinese Exclusion Act was to a. Decrease Chinese immigration b. Create segregated classrooms c. Settle a disagreement between China and the United States d. …

What was the main goal of the public works administration

Asked by admin @ in Social Studies viewed by 307 persons

What was the main goal of the Public Works Administration? A. to hire writers and artists to record the experiences of the era B. to beautify cities with public murals …

What is the main goal of the president's challenge program

Asked by admin @ in Health viewed by 386 persons

What is the main goal of the Presidents Challenge Program

A main difference between state and federal courts is

Asked by admin @ in History viewed by 381 persons

A main difference between state and federal courts is... A. state courts try disputes between states, while federal courts try cases between citizens of a state. B. state courts try …

The main goal of customer relationship marketing is to

Asked by admin @ in Business Studies viewed by 283 persons

The main goal of customer relationship marketing is to

What are the four main goals of america's foreign policy

Asked by admin @ in History viewed by 343 persons

Outline the three main goals of United States foreign policy.

What is the main reason the osi model was created

Asked by admin @ in Computer Science viewed by 279 persons

What is the main reason the OSI model was created? A.To create a layered model larger than the DoD model. B.So application developers can change only one layer's protocols at …

Outline the three main goals of united states foreign policy

Asked by admin @ in History viewed by 349 persons

Outline the three main goals of United States foreign policy.

Most viewed questions in History

Candle making in colonial america reading answers test 5 answers

Asked by admin @ in History viewed by 11334 persons

Lowman consulting answer key

Asked by maham237 @ in History viewed by 5160 persons

Lets grow with composite mathematics class 8 solutions pdf

Asked by admin @ in History viewed by 3201 persons

Venezuelans started buying items immediately because of their fear of

Asked by maham237 @ in History viewed by 2531 persons

Commonlit teaching shakespeare in a maximum security prison answer key

Asked by admin @ in History viewed by 2264 persons

4.3 puzzle time answers algebra 2

Asked by maham237 @ in History viewed by 2101 persons

Why did the termite like expensive hotels worksheet answer key

Asked by maham237 @ in History viewed by 1962 persons

On which day are your answering stats reset

Asked by admin @ in History viewed by 1862 persons

Why did king kong eat a truck worksheet answer key

Asked by maham237 @ in History viewed by 1754 persons

Write two paragraphs to compare and contrast the narrators’ schools and explain how their schools shape their perspectives toward the hijab. cite evidence from the text to support your ideas.

Asked by evette57 @ in History viewed by 1730 persons

Two ways of looking at a river commonlit answers key

Asked by maham237 @ in History viewed by 1668 persons

Which occurs during disequilibrium? check all that apply.

Asked by wiki @ in History viewed by 1654 persons

What is taplow's opinion about the greek tragedy agamemnon

Asked by admin @ in History viewed by 1415 persons

What is the topic of the info grapher

Asked by jesus643 @ in History viewed by 1401 persons

When entrepreneurs develop new products, other companies also experience growth because they

Asked by maham237 @ in History viewed by 1375 persons