Expenditures and revenue matrix and summary
There are three revenue sources which are namely, income taxes, licenses and permits, and grants (Schick, A., & LoStracco, F, 2000, pg. 154).
Income taxes are the taxes levied to all the individuals and business. The taxes are usually in form of a percentage and it may rise and fall in regard to certain situations.
Expenditures and revenue matrix and summary (2)
………………………………Answer preview…………………………………..
There are three revenue sources which are namely, income taxes, licenses and permits, and grants (Schick, A., & LoStracco, F, 2000, pg. 154).
Income taxes are the taxes levied to all the individuals and business. The taxes are usually in form of a percentage and it may rise and fall in regard to certain situations.
The local and the Federal may raise the funds through issuing of license to both individuals and co-operative in order to allow them to carry out any activity or offer services.
Grants may be in a way to boost capital expenditure, health care and education sector. Grants may be in the form of money or equipments which are given for free therefore being non-payable funds……………………………
APA
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