If a Government Has a Budget Surplus,then Public Saving

question 77

Multiple Choice

If a government has a budget surplus,then public saving

• A)is positive and increases national saving.
• B)is positive but decreases national saving.
• C)is negative and decreases national saving.
• D)is negative but increases national saving.

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Definitions:

Failure to File

The failure of an individual or business to submit their tax return by the due date, which can result in penalties and interest charges.

Qualifying Widow(er)

A tax filing status allowing a widowed spouse to use married filing jointly tax rates for up to two years after the year of their spouse's death, provided they have a dependent child.

Qualifying Child

A dependent who meets specific IRS criteria regarding relationship, age, residency, and support, which allows the taxpayer to claim certain tax benefits.

Tax Return

A document filed with a tax authority that reports income, expenses, and other pertinent tax information.