Suppose That in 2020 the Average Citizen's Federal Tax Bill

question 95

Multiple Choice

Suppose that in 2020 the average citizen's federal tax bill is $11,987,and total federal spending is $12,294 per person.In 2020,the federal government will have

• A)a budget surplus.
• B)a budget deficit.
• C)horizontal equity.
• D)vertical equity.

---

Definitions:

Business Applications

Software and tools designed to help manage various aspects of a business, such as accounting, customer relationship management, or inventory.

User-generated Content Sites

Online platforms where the content is created, published, and shared by the users of the site, rather than by the site's owners or professionals.

Wikipedia

A free, web-based encyclopedia that allows collaborative editing of its content by users worldwide.

Twitter

A social media platform that allows users to post short messages, known as tweets, to share thoughts, news, or information.