.If South Dakota's governor reports a budget surplus in 2011, that state government likely:

received more in taxes than it spent in that year.

increased the proportional tax level.

equalized spending and taxes in that year.

increased the corporate income tax rate.

Question

06-12-2022
Business

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.If South Dakota's governor reports a budget surplus in 2011, that state government likely:

received more in taxes than it spent in that year.

increased the proportional tax level.

equalized spending and taxes in that year.

increased the corporate income tax rate.

Sagot :

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contexto38 contexto38 · Answer 1 · 2022-12-13T01:51:58-05:00

If South Dakota's governor reports a budget surplus in 2011, that state government likely received more in taxes than it spent in that year. Therefore, the option A holds true.

A budget surplus can be referred to or considered as the excess of the amounts received or incurred by an organization than what were expected by them related to the same. The excess amounts are the actual receipts, and are not based on predictions or forecasting. A surplus of receipts over expenditures most likely leads to a budget surplus.

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