Question

Where does the government get money? What does it use the money for?

Answer 1

Step-by-step explanation:

The government collects revenue from many different sources, like individual income taxes, payroll taxes and corporate income taxes. They use their money for mandatory spending like, social security, medicare and medicade.

Answer 2

The government must generate enough money each year to cover its expenses, as outlined in the yearly budget. As previously noted, it seeks to accomplish its objective primarily through the collection of taxes. If the government collects more in taxes during the year than it needs to meet its expenses, then the country posts a budget surplus.

Step-by-step explanation:

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