A federal deficit occurs when

Q: One measure of "ability to pay" the national debt is the debt to

A: Debt/GDP  Debt to GDP ratio indicates that ability of country to pay national Debts. By comparison…

Q: The public debt is the sum of all previous:   Budget surpluses minus the current budget deficit of…

A: Introduction:   The entire amount borrowed by the government to meet its development budget,…

Q: What evidence is necessary to demonstrate the ability to defer settlement of short-term debt?

A: Short-term debt: Short-term debt refers to the current liability of an organization. This means that…

Q: How are the activities of Debt Service Funds controlled?

A: Debt service fund: Debt service fund is the fund created to ensure no delay or failure in the…

Q: What is the taxable base for federal income taxes? a. Gross income b. Net worth c. Total assets d.…

A: Taxable base is the amount on which income taxes are calculated by applying the applicable rate.

Q: In the case of interest income from state and Federal bonds, which are true and which are false? I.…

A: Introduction: The Internal Revenue Service levies a federal income tax on individuals and…

Q: Discuss the optimal amount of debt in the presence of taxes and costs associated with financial…

A: Financial distress is a situation or a point where a firm is unable to pay its debt or firm is…

Q: why bad debt is not tax allowable

A: Bad debt refers to money owed by a debtor that is unlikely to be collected. It often occurs when a…

Q: A debt service fund is used to account for financial resources set aside for the purpose of making…

A: A debt service fund is a type of governmental fund that is used to account for the accumulation of…

Q: The Internal Revenue Code authorizes deductions for trade or business activities if the expenditure…

A: The statement is True : The Internal Revenue Code authorizes deductions for trade or business…

Q: What are some possible agency conflicts between borrowers and lenders?

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal authorizes agent…

Q: Vat tax - the popularity of this type of tax, the nature of this type of tax and the effect on…

A: Value Added Tax (VAT):  It is a consumption tax placed on manufactured goods, at whatever time value…

Q: Explain the components of balance of Payments Accounts and describe the  impact of deficit and…

A: The balance of payments (BOP), sometimes known as the balance of international payments (BIP), is a…

Q: Which tax does not have a wage base​ limit?   A. FICA−Medicare   B. Federal unemployment tax   C.…

A:

Q: what types of taxes are deductible in full or in part?

A: The tax-deductible expense helps the business to generate revenue by decreasing the tax liability.

Q: What are debt issue costs and how should they be reported?

A:

Q: What federal law protects cosigners on a loan agreement? What is the bank required to do? What other…

A: A loan agreement is a legally binding contract between a lender and a borrower that outlines the…

Q: Is deferred liabilities are payroll related liability?

A: A conceded charge responsibility is a duty that is evaluated or is expected for the current time…

Q: Govenments are prevented from barrowing unlimited funds through the enforcement of debt limits.…

A: PLEASE LIKE THE ANSWER:  Debt limit also known as debt ceiling; it is a limit on how much the…

Q: How is a business activity distinguished from an investment activity? why is this distinction…

A:

Q: Which of the following is not an administrative remedy available to the government?

A: Answer: C.  Tax Avoidance

Balance of Payments

BOP is categorized into the following three components: