In 2012,the City of Miketown Collected $250,000 in Taxes and Spent

question 110

Multiple Choice

In 2012,the city of Miketown collected $250,000 in taxes and spent $350,000.In 2012,the city of Miketown had a

• A)budget surplus of $100,000.
• B)budget surplus of 57%.
• C)budget deficit of $100,000.
• D)budget deficit of $200,000.

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