What does it mean when there is a relative tax burden?
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Based on what we learned from this weeks 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?
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