A ____ Check Is a Check Presented Too Long After

question 69

Multiple Choice

A ____ check is a check presented too long after it was written to be honored by the bank.

• A) stale
• B) traveler's
• C) postdated
• D) voucher

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Definitions:

Negative Income Tax

A fiscal mechanism where individuals earning below a certain threshold receive supplemental pay from the government instead of paying taxes.

Subsidy

A financial contribution provided by the government or another body to support an industry, business, or individual.

Earned Income Tax Credit

A refundable tax credit for low- to moderate-income working individuals and families, aimed at reducing poverty and encouraging work.

Working Poor

Individuals who are employed but still live below the poverty line due to low wages and inadequate employment benefits.