I recently completed an assignment as a platoon trainer at the District of Columbia Army National Guard's officer candidate school. As such, I was a gatekeeper to the Guard's officer corps. It was my duty to teach, assess and counsel those soldiers trying to become officers. The Army's ...
Fiscal federalism describes the way national government agencies interact, especially when it comes to allocating money. In the United States, the basic idea is that the federal government takes in money and then gives it to states to use for programs that are necessary but too expensive for ...
US federal agencies exist to standardize the programs and support available to certain classes of people across the country. The Department of Veterans Affairs is a federal agency that standardizes healthcare for veterans across the United States....
You are referring to what we call a "Medicaid" or "impoverishment-type" annuity. Typically, it's an annuity with a period certain only payment option. It's important to know that while Medicaid is a federal program, it's administered at the state level. So if you're wondering whether ...
Agencies are specific cost centers within a business. They are responsible for managing a specific aspect of the business. They may also function as a separate legal entity within the business and be subject to special agency accounting rules. It is important for small business owners to ...
Several opposition leaders have been imprisoned, questioned, or had cases filed against them by federal agencies in the past year, which triggered protests from opposition parties and civic groups. In March, the Congress party accused the federal government of using the tax department to cut their...
Overview of the Federal Reserve System & its Processes from Chapter 64/ Lesson 1 4.2K The Federal Reserve is a sector of the government that controls and regulates the supply of money. Explore the details of the Federal Reserve, learn what reserve ratios and discount rates are, and understand...
Statutory deductions are mandated by government agencies to pay for public programs and services. They consist of federal income tax, Federal Insurance Contributions Act (FICA) tax (Medicare and Social Security) and state income tax. To file them correctly, you need to know the work status of ...
Federal funds, often referred to as fed funds, are excess reserves thatcommercial banksand other financial institutions deposit at regionalFederal Reserve banks; these funds can be lent, then, to other market participants with insufficient cash on hand to meet their lending and reserve needs. The ...
A similar organization, theGovernmental Accounting Standards Board (GASB), is responsible for setting the GAAP standards for local and state governments. A third body, the Federal Accounting Standards Advisory Board (FASAB), publishes the accounting principles for federal agencies.34 Although privately h...