Programs That Provide Goods or Services, Rather Than Cash, Directly

question 131

Multiple Choice

Programs that provide goods or services, rather than cash, directly to needy individuals or households are called:

• A)social insurance.
• B)in-kind transfers.
• C)economic growth.
• D)conditional cash-transfers.

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Definitions:

AGI

Adjusted Gross Income refers to the total income reduced by certain deductions to ascertain the tax obligation.

Casualty Losses

Financial losses resulting from sudden, unexpected, or unusual events such as natural disasters, theft, or accidents, which may be deductible.

Adjusted Gross Income

Gross income after certain adjustments have been made, used as the basis for calculating taxable income on an individual's tax return.

Casualty Loss Deduction

A tax deduction that allows individuals to deduct certain property losses resulting from a sudden, unexpected, or unusual event.