Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

$90 $35 The table below shows hypothetical figures of revenue and spending for the Canadian government. For simply, assume that all of the sponding grants

image text in transcribed
image text in transcribed
$90 $35 The table below shows hypothetical figures of revenue and spending for the Canadian government. For simply, assume that all of the sponding grants to other lovers of government were part in Canada on goods and services Federal Government's Budget Plan for Fiscal Year (billion) REVENUES OUTLAYS Personal income taxes Transfers to persons Corporate income taxes Spending grants to other levels of government 32 Other income taxos Public debt charges GST and excise taxes Direct program spending 110 201 El pretium 10 Total Outlay Other lavoroes 15 Projected Budget Plan Surplus 40 24 8 46 209 Total Revenues a. What is the projected NTR in this budget plan? b. What is the value of NTR less government spending on goods and services (G)? Round your answers to 1 decimal place for a & b. c. What is the percentage of total revenue made up by personal income taxes? %. % d. What is the percentage of total revenue made up by corporate income taxes? e. What is the percentage of total outlays made up by transfer payments to persons? f. What is the percentage of total outlays made up by public debt charges? %. %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sovereign Debt Crisis The New Normal And The Newly Poor

Authors: D. Chorafas

1st Edition

0230298400, 9780230298408

More Books

Students also viewed these Accounting questions