In 2005, the Financial Account Balance Was Approximately

question 59

Multiple Choice

In 2005, the financial account balance was approximately

• A)$780 billion.
• B)-$790 billion.
• C)$425 billion.
• D)$780 million.

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Definitions:

Tax Due

The amount of tax owed to a government, typically determined after performing a calculation based on income and allowable deductions.

Social Security

A federal program in the United States that provides retirement benefits, disability income, and survivors benefits to eligible Americans.

Limit

The maximum amount, quantity, or level permitted, often used in financial contexts to describe caps on deductions, contributions, or benefits.

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, an alternative to itemizing deductions, varies based on filing status.