You Have Listed Your Expenditures for the Past Year and Continue

question 20

Multiple Choice

You have listed your expenditures for the past year and continue to keep track of everything you spend. In order to have a balanced budget, you also need to keep track of

• A)how much money you have coming in.
• B)your charitable contributions.
• C)your credit card payments.
• D)your child care expenses.

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Definitions:

Government Property

Assets owned by the state or government, including buildings, land, and resources.

Economic Assistance

Financial aid provided by governments or international institutions to support the economies of other nations, communities, or individuals in need.

Progressive Tax

A tax for which high-income taxpayers pay a larger fraction of their income than do low-income taxpayers.

Libertarians

Individuals who advocate for minimal government intervention in personal lives and the economy, emphasizing individual liberty and free markets.