In 1998, the City of Canfield Collected $500,000 in Taxes $$50,000
D) Budget Surplus of $5,000
In 1998, the city of Canfield collected $500,000 in taxes and spent $550,000. In 1998, the city of Canfield had a:
A) budget surplus of $50,000.
B) budget surplus of $450,000.
C) budget deficit of $$50,000.
D) budget surplus of $5,000.
Correct Answer:
Verified
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