Transfer Programs That Do Not Tie Benefits to Contributions Are

question 174

Multiple Choice

Transfer programs that do not tie benefits to contributions are called _____

• A)social insurance programs.
• B)income assistance programs.
• C)health aid programs.
• D)health insurance programs.
• E)compensation programs.

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Definitions:

Invested Assets

Resources put into a business by its owners or shareholders with the expectation of generating future income or profit.

Net Income

The amount of earnings remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Transfer Price

The price at which goods or services are transferred between departments or subsidiaries within the same company, used for accounting and tax purposes.

Operating Income

Earnings before interest and taxes (EBIT), calculated as gross income minus operating expenses.