In 2012, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2012, the city of Canfield had a:
A. budget surplus of $450,000.
B. budget surplus of $50,000.
C. budget deficit of $$50,000.
D. budget surplus of $5,000.
Answer:B
In 2012, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2012, the city of Canfield had a:
A. budget surplus of $450,000. B. budget surplus of $50,000. C. budget deficit of $$50,000. D. budget surplus of $5,000.