ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The two main portions of a budget are ____
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the money coming in (income) and the money you’re spending (expenses)
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the money coming in (expenses) and the money you’re spending (income)
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the cash you are spending in stores and the bills you are paying online
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the items you want to buy and the money you need to save for retirement
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Explanation:
Detailed explanation-1: -The 2 main parts of a Government budget are revenue and expenditure of the Government. The Government gets its major share of revenue from Goods and Services Tax (GST), Income tax, corporation tax, customs and excise duties.
Detailed explanation-2: -A written budget will help you: see where you spend money. see where you can save. make a plan for how to spend and save your money.
There is 1 question to complete.