Which of the Following Is an Example of Entitlement Spending

question 39

Multiple Choice

Which of the following is an example of entitlement spending?

• A)National defense
• B)Social Security
• C)Police protection
• D)Garbage collection

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Credit for Child

A tax credit offered to taxpayers for each qualifying child, which can reduce the taxpayer's liability on a dollar-for-dollar basis.

Dependent Care Expenses

Costs associated with caring for a child or dependent while the primary caretaker is working or looking for work.

Employment-Related Expenses

Costs incurred by employees during the course of their job that are necessary and not reimbursed by the employer, possibly deductible under certain conditions.