You are working at a tax office that completes personal tax returns for a fee.Your boss asks you to estimate how much your entire office will collect in fees for the coming year.What will you create for your boss?

Question

Quizplus · Accepted Answer

A revenue budget is used to estimate the income or revenue that a business or organization will collect over a period of time. In this case, the tax office wants to estimate how much they will collect in fees for the upcoming year, which is a revenue projection. Therefore, a revenue budget is the best choice. A budget (option A) could also work, but a revenue budget is more specific to the situation. An expense budget (option C) is used to estimate the expenses that a business or organization will incur during a period of time, and a capital expenditures budget (option D) is used to estimate investments in long-term assets such as equipment or property, which is not relevant to the given scenario.

You Are Working at a Tax Office That Completes Personal