Business expenses list

• Rent or mortgage payments.
• Office equipment.
• Payroll costs (e.g., wages, benefits, and taxes)
• Advertising and marketing.
• Utilities.
• Small business insurance.
• Depreciation.
• Taxes.

What is the main income of a business?

Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Revenue, also known as gross sales, is often referred to as the “top line” because it sits at the top of the income statement. Income, or net income, is a company’s total earnings or profit.

What was the budget for fiscal year 2007?

Updated June 25, 2019. The fiscal year 2007 budget guided federal spending for the period October 1, 2006, through September 30, 2007. The $2.568 trillion in revenue received did not cover the $2.730 trillion in spending, creating a $162 billion deficit. Income taxes contributed most of the revenue, at $1.163 trillion.

What was the national debt in FY 2007?

A whopping $237 billion was spent on nothing more than paying the interest on the (at that time) $8.9 trillion national debt. The government’s original budget estimate for FY 2007 spending was $2.77 trillion. Mandatory Spending: Mandatory spending was $2.019 trillion. Social Security ($581 billion) was the largest Mandatory expenditure.

What was the wealth of the United States in 2007?

[36][37]From its peak in the second quarter of 2007 at $64.4 trillion, household wealth in the United States fell $14 trillion, to $50.4 trillion by the end of the first quarter of 2009, resulting in a decline in consumption, then a decline in business investment.

What was the consumer spending habits in 2002?

A comparison of consumer spending habits in 2002 with those in 2007 revealed that expenditure on food, clothing and personal care has remained more or less constant, but expenditure on entertainment has increased.