Which of the Following Statements Is Correct

question 319

Multiple Choice

Which of the following statements is correct?

• A) An advantage of a minimum-wage law is that it may benefit unskilled workers who are not low-income workers.
• B) An advantage of a negative income tax program is that a poor person who chooses not to work many hours would receive a cash benefit.
• C) An advantage of an Earned Income Tax Credit (EITC) is that a person who is unable to work due to a disability does not benefit from the program.
• D) Welfare reform enacted in 1996 limited the amount of time recipients could stay on welfare.

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Definitions:

Planning Budget

A budget prepared for a specific level of activity, used for planning and controlling costs and resources in advance.

Travel Expenses

Costs incurred by an employee or a business when travelling for business purposes, which can include accommodations, meals, transportation, and other expenses.

Spending Variance

The difference between the actual amount spent and the budgeted or expected amount, used in budgeting and financial planning.

Cleaning Equipment

Hardware and machinery used specifically for the purpose of cleaning and maintaining cleanliness in various settings.