In 2017, the Number of TANF Recipients

question 177

Multiple Choice

In 2017, the number of TANF recipients

• A)was significantly lower than when the program began in 1996.
• B)constituted about 5 percent of the U.S. population.
• C)had risen significantly from the late 1990s.
• D)was significantly lower because of the Tax Cuts and Jobs Act.

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Definitions:

Increase Side

Refers to the side (debit or credit) of an account that is used to increase its balance, varying by account type.

Normal Balance

The side (debit or credit) on which increases are recorded in an accounting ledger; varies depending on the account type (asset, liability, equity, revenue, or expense).

Post Reference Column

A column in journal and ledger accounts that helps in cross-referencing entries between these two accounting records.

General Journal

A comprehensive record of financial transactions over the life of a company, listed in chronological order.