The Three MOST Important Federal Programs to Assist the Working

question 65

Multiple Choice

The three MOST important federal programs to assist the working poor are

• A)Social Security,Medicare,and Temporary Assistance for Needy Families.
• B)the home mortgage deduction,the state and local tax deduction,and the deduction for charitable contributions.
• C)the Affordable Care Act,the Earned Income Tax Credit,and the Supplemental Nutrition Assistance Program.
• D)Medicaid,Aid to Families with Dependent Children,and the Troubled Assets Relief Program.

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Definitions:

Accumulated Amount

The total amount accumulated over time, considering various factors like initial principal and compound interest.

Compounded Monthly

The process of adding interest to the principal sum of a deposit or loan on a monthly basis, leading to interest earning interest.

Intercompany Loan

A loan made from one business entity to another within the same organization, often used for internal financing purposes.

Subsidiary

A company that is completely or partly owned and partly or wholly controlled by another company.