Which of the Following Statements Are True About Federal Spending

question 47

Multiple Choice

Which of the following statements are true about federal spending?

• A)The Social Security Administration accounts for nearly 75 percent of what the government spends.
• B)The U.S.Postal Service accounts for half of what the government spends.
• C)The U.S.Postal Service has been self-supporting for decades.
• D)The Social Security Administration is funded entirely by the states.
• E)Spending on social services accounts for the smallest portion of government expenditures.

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Definitions:

Keogh Plans

Retirement plans for self-employed individuals and unincorporated businesses, allowing for tax-deferred savings.

Taxable

Subject to taxation by governmental authority, referring to income or financial transactions that can be taxed.

Investment Constraints

Refer to the various limitations set forth by an investor or an investment policy on the types of investments one can make, often influenced by factors such as risk tolerance, time horizon, liquidity needs, and legal or regulatory requirements.

Investment Assets

Assets purchased with the goal of generating income or appreciating in value, including stocks, bonds, and real estate.