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Ofm.wa.gov sites defaultTransportation Revenue Forecast Council - Washington

Ofm.wa.gov sites defaultTransportation Revenue Forecast Council - Washington 2025

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The document is a Multi-Purpose Combined Excise Tax Return form for the Washington State Department of Revenue. It provides instructions for businesses to report their gross amounts, deductions, and taxable amounts for various tax classifications, including Business and Occupation (B&O) tax, sales and use tax, and other taxes. The form requires detailed information about business activities, account identification, and penalties for late payments. It also includes sections for reporting deductions and credits.

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2023	4.9 Satisfied (24 Votes)
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What is the Washington State General Fund?

The general fund is the principal state fund supporting the operation of the state.

What is the revenue forecast for Washington State?

Washington state economists believe the state will bring in about $71 billion in revenue over the next two years, which is slightly down from a November projection and already below the most recent two-year budget of $72 billion.

What does the General Fund do?

General Fund Used to account for all revenues and activities financed therefrom which are not re- quired by law to be accounted by any other fund. Most state expenditures are financed from the Gen- eral Fund.

Who has to pay Washington Cares fund?

The WA Cares Fund is supported by mandatory premiums paid by all employees in Washington. The premium has been set by state law at 0.58% of gross wages, or $0.58 per $100. For example, if an employee earns $50,000 annually, the total annual premium is $290 or $11.15 per paycheck.

How much is the General Fund in Washington state?

ing to NASBO, Washingtons recent expenditure totals (general fund spending/total spending, including federal transfers) were: FY 2024: $30.7 billion/$65.9 billion. FY 2023: $31.0 billion/$73.1 billion. FY 2022: $28.1 billion/$66.4 billion.