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Q: What is Income collected to pay the nation's expenses called?
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Related questions

What is the difference amount of expense over income called when income exceeds expense?

Expenses more than income is called "Loss" Income over expenses called "Profit"


What is it called when your expenses exceed your income?

UNSUCCESSFUL


What is it called when your income outweighs your expenses?

Lucky!


Is revenue part of an income statement?

Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.


What is us deficite?

The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.


What is the us deficit?

The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.


What is it called when income is more than expenses?

profit


When income exceeds expenses the difference is called?

penis


What is it called when your expenses are greater than your revenues on an income statement?

loss


What is it called when your expenses are greater than your revenue on an income statement?

loss


Formula for operating income?

Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.


When total revenues exceed total expenses what is the difference called?

Net income