Asked by Ericka Harris on May 09, 2024

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The U.S.government's fiscal year extends from:

A) January to December.
B) April of one year to March of the next year.
C) June of one year to May of the next year.
D) September of one year to August of the next year.
E) October of one year to September of the next year.

Fiscal Year

A one-year period used by governments and businesses for accounting and budget purposes, which may not coincide with the calendar year.

  • Understand the fiscal year definition and its significance in budget planning.
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LT
La'Dale ThomasMay 15, 2024
Final Answer :
E
Explanation :
The U.S. government's fiscal year begins on October 1st and ends on September 30th of the following year. This is defined by the Federal budget cycle, which starts with the President's budget proposal in February and ends with the final appropriation bills being signed into law by the President in late September.