A Major Difference Between Social Insurance and Income Assistance Programs

question 55

Multiple Choice

A major difference between social insurance and income assistance programs is that

• A)social insurance programs are run by the states and income assistance programs are run by the federal government
• B)funding for social insurance programs comes exclusively from the federal government, whereas income assistance programs are funded both at the state and federal levels
• C)benefits from social insurance programs are related to a worker's contributions to the programs, whereas benefits from income assistance programs are not
• D)social insurance programs are available only to households with children
• E)income assistance programs are available only to households without children

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A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

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The main currency used by a business or unit within a business to conduct its day-to-day transactions.

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The total amount of goods and materials held by a company intended for sale or production.