If South Dakota’s governor reports a budget surplus in 2011, that state government likely:
A. received more in taxes than it spent in that year.
B. increased the proportional tax level.
C. equalized spending and taxes in that year.
D. increased the corporate income tax rate.
Answer:A
If South Dakota’s governor reports a budget surplus in 2011, that state government likely:
A. received more in taxes than it spent in that year. B. increased the proportional tax level. C. equalized spending and taxes in that year. D. increased the corporate income tax rate.
Explanation: Type: Multiple Choice