An Example of a Transfer Payment Is

question 48

Multiple Choice

An example of a transfer payment is:

• A) a federal income tax refund.
• B) a Social Security payment.
• C) the $3 donation to the Wildlife Fund you make on your tax return.
• D) the taxes corporations pay on profit.

---

Definitions:

Actual Contracts

Legally binding agreements created by the actions, behavior, or circumstances of the parties involved, rather than by written or spoken words.

Arbitration Agreement

A contract in which parties agree to resolve disputes through arbitration instead of through the court system.

Customer Data

Information collected by businesses about their customers, which may include contact information, buying preferences, and history.

Security Breach

An incident that results in unauthorized access or exposure of private information, potentially leading to identity theft or data loss.