Rank the Following State and Local Government Expenditure Categories from Largest

question 117

Multiple Choice

Rank the following state and local government expenditure categories from largest to smallest.

• A)education, public welfare, highways
• B)transfer payments to the poor, education, public safety
• C)police, road maintenance, education
• D)public health, public safety, public utilities

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Definitions:

Salaries Expense

The total amount recorded by a business for the wages and salaries paid to employees during a reporting period.

Partially Funded Pension Rights

Pension benefits that are partially backed by funding; not fully financed in advance.

Pension Expense

The cost recognized by an employer for the estimated liabilities of pension payments to retirees.

Salaries Expense

The cost incurred by a company to pay for employee services performed during a period.