What does it mean when there is a relative tax burden?

Discipline: Finance

Type of Paper: Other

Academic Level: Master's

Paper Format: APA

Pages: 1 Words: 275

Question

Description

 

What does it mean when there is a relative tax burden?

What characteristics of expenditures distinguish them from expenses in the financial accounting sense?

Why are special items sometimes referred to as one-shot revenues? How are special items reported in government financial statements?

Why would a general fund have a portion of its fund balance reserved? How is this portion different from other money in the fund?