Question

If the state of Washington's government collects $75 billion in tax revenues and total spending in the same year is $74.8 billion, the result will be a:

a. budget deficit.
b. budget surplus.
c. a decrease in the payroll tax.
d. a decrease in proportional taxes.

Answer 1

b. budget surplus.

Step-by-step explanation:

A budget surplus is when income from taxes exceeds government spending .

The budget surplus = $75 billion - $74.8 billion = $0.2 billion

A budget deifict is when government spending exceeds income from taxes.

I hope my answer helps you.