When a Program Is Means-Tested,it Means That

question 24

Multiple Choice

When a program is means-tested,it means that

• A)To be eligible,the recipient must have little income.
• B)It is a social insurance program.
• C)It is an in-kind program.
• D)The target efficiency is high.

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Definitions:

Gross Income

The total income received before any deductions or taxes are subtracted.

Financial Experts

Professionals with extensive knowledge and expertise in finance, economics, and investment strategies.

Lease

A written agreement between the landlord and a tenant that details the amount of rent, the length of time the apartment is to be rented, and the rules and regulations that must be followed by the tenant and the landlord.

Borrower

An individual or entity that takes something, especially money, on loan with the obligation to return it or repay the equivalent.