What Distinguishes a Means-Tested Program from a Social Insurance Program

question 33

Multiple Choice

What distinguishes a means-tested program from a social insurance program?

• A) A means-tested program extends benefits based upon age categories, while a social insurance program provides benefits based upon immediate need.
• B) A means-tested program only extends to benefits for the elderly, while a social insurance program extends benefits to everybody.
• C) A social insurance program extends benefits only to the working poor, while a means-tested program extends benefits to everyone, regardless of social class.
• D) A social insurance program provides benefits based upon demonstrated need, while a means-tested program provides benefits based upon lifetime contributions.
• E) A social insurance program provides benefits based upon lifetime contributions, while a means tested program provides benefits based upon demonstrated need.

Recognize the impact of net working capital changes and net new borrowing on firm cash flows.

Calculate capital spending and the impact on company financials.

Compute tax obligations based on different types of income across various provincial tax systems.

Understand and apply the principles of tax calculation for different income levels and categories.

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Definitions:

Physics

The natural science that studies matter, its motion and behavior through space and time, and the related entities of energy and force.

Like Charges

Charges that are the same (either both positive or both negative) and repel each other according to Coulomb's law.

Opposite Charges

Charges that have different electrical signs, one positive and one negative, which attract each other.

Valence Shell

The outermost shell of an atom that contains the electrons most involved in chemical reactions.