An Example of a Transfer Payment Is

question 19

Multiple Choice

An example of a transfer payment is:

• A)a check to a hospital for payment of a bill owed by a senior citizen covered by Medicare.
• B)a mail carrier's wages.
• C)payment to Boeing Aircraft for an intercontinental bomber.
• D)the lunch provided for a cleaning person.
• E)none of the above.

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Definitions:

Commingle

To mix or blend funds or assets from different sources, often in a way that makes them indistinguishable.

Personal Funds

Money owned by an individual that is not tied to any business, investment, or other financial obligations, typically used for personal expenses or savings.

Sells House

The act of transferring ownership of a residential property from one party to another, typically through a sale.

Gratuitous

Given or done free of charge or without receiving any value in return.