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5 Cards in this Set
- Front
- Back
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What is a fiscal year?
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It is a 12 month that may or may not match thr calendar year.
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What is a budget?
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A budget is a blue print on how goverment will make and spend money.
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What is mandatory spending?
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Spending that doesn't need annual approval.
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What is discretionary spending?
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It is spending that has to be approved each year.
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What is the largest source of government revenue?
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Income tax
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