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Which of the following is true concerning federal budget deficits?

I. The IRS spends more than it collects in taxes in a given year

. II. The Federal Government spends more than it collects in taxes in a given year.

III. Unemployment is greater than taxes collected in a given year.

Al only
Bll only

c.lll only

Dl and 2 only
Ell and lll only

Verified Answer :

The answer is B. II Only

IRS doesn't have the authority use Federal Budget , which mean they can't get their spending from taxes, this rule out option I

the amount Taxes is depended on how much income a company or a person has, not their employment status, so option III is ruled out

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