Since the Early 1970s, Welfare Benefits Have Declined

question 384

Multiple Choice

Since the early 1970s, welfare benefits have declined,

• A)which is largely due to the success of the negative income tax program.
• B)which is largely due to the success of private charities.
• C)yet the percentage of children living with only one parent has increased.
• D)and the percentage of children living with only one parent has decreased.

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Definitions:

Payroll Tax Expense

Total taxes, both employer and employee portions, associated with wages and salaries, including federal, state, and other payroll taxes.

Calendar Quarter

A three-month, 13-week time period. Four calendar quarters occur during a calendar year that runs from January 1 through December 31. The first quarter is January through March, the second is April through June, the third is July through September, and the fourth is October through December.

FICA-OASDI

Refers to the Federal Insurance Contributions Act's component for Old-Age, Survivors, and Disability Insurance, a payroll tax funding Social Security.

Overtime

Additional hours worked beyond the standard work schedule, often compensated at a higher rate.