Based on what we learned from this week’s Learning Activities, respond to the following in a minimum of 175 words:
- What does it mean when there is a relative tax burden?
- What characteristics of expenditures distinguish them from expenses in the financial accounting sense?
- Why are special items sometimes referred to as one-shot revenues? How are special items reported in government financial statements?
- Why would a general fund have a portion of its fund balance reserved? How is this portion different from other money in the fund?
Need in APA format and 1 reference