Question

In 2014, the city of Miketown collected $150,000 in taxes and spent $350,000. In 2014, the city of Miketown had a

Answer 1

Answer:

Budget deficit of $100,000

Explanation:

Calculation to determine how much the city of Miketown had

Budget deficit=Amount collected in taxes - Amount spent

Let plug in the formula

Budget deficit=$250,000-$350,000

Budget deficit =$100,000

Therefore in 2014 the city of Miketown had a BUDGET DEFICIT of $100,000