Were Social Security and Medicare the largest contributors of revenue for the federal government in Fiscal Year 2019? Explain.(1 point)

Yes, because Social Security and Medicare taxes made up more than 50% of the revenue in Fiscal Year 2019 with $1.718 trillion.

No, because corporate income taxes contributed about $1.242 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $230.2 billion.

No, because individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

Yes, because Social Security and Medicare taxes contributed about $1.542 trillion in Fiscal Year 2019 while individual income taxes only contributed $1.518 trillion.

Answers

Answer 1

Answer:

the answer is C, income taxes made more.

Explanation:

Answer 2

It is false because the individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

What is an Income tax?

These are tax imposed on earned income by people in a country while the Social Security and Medicare taxes are imposed on people income while working as well.

However, the individual income taxes contributed about $1.718 trillion in Fiscal Year 2019 while Social Security and Medicare taxes only contributed $1.242 trillion.

Therefore, the Option C is correct.

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Related Questions

what chance does the average child have of their information being exposed in a data breach?

Answers

Answer:

The chance of experiencing a data breach was 29.6 percent in 2019, an increase from 27.9 percent in 2018

Explanation:

The chance of a CHILD experiencing that is unknown, because there are so many different scientific studies and reports that say completly differnt things.

Jocelyn is buying a new home with an assessed value of $196,000. The tax rate for the home is 1.4%. How much can Jocelyn expect for her not that tax payment to be?

Answers

228.67

Explanation:

I got it wrong the first time xd

Food Court Inc. Leases space to Gourmet Café. Gourmet abandons the premises when the amount of the rent due on the lease is $5,000. Food finds a new tenant, Hasty Bowls, which agrees to pay $3,500 for the space over the remainder of Gourmet’s term. Food’s measure of damages is

Answers

Food’s measure of damages is $1500.

What are the measures of damages?

A method of calculating damages to be paid to an affected person is called measurement of damages. In this case; food court Inc is the victim who requires measures of damages.

Calculations:

Food court Inc provides space to Gourmet cafe on lease.

The rent due on the lease when Gourmet cafe leaves the premises is $5000

Hasty bowls, a new person agreed to pay for the space on lease is $3500

[tex]\rm{Measure \;of \;damage} = \$5,000 -\ $3500\\ = \$1500[/tex]

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g he contractual rate of interest on a Bond is also known as a. the effective interest rate. b. the stated interest rate. c. the market interest rate. d. the maturity interest rate.

Answers

Answer:

B. The Stated Interest Rate.

Explanation:

hope it helps ^^'

Your friend Becky is filling out a credit card application in the public computer lab at school and has all of her important information written down on a piece of paper. What caution would you give Becky to avoid these popular types of identity theft for people 39 and under?

Answers

Answer:Hide the credentials

Explanation: Exposing the information may lead to people peeking at it and stealing it.

your employer withholds money from each paycheck. what is this money used for?

Answers

some of their employees' pay in order to cover payroll taxes and (((income tax))).Money may also be deducted, or subtracted, from a paycheck to pay for retirement or health benefits.

Georgina puts $45 into an account which pays interest at a rate of 5.2%  per year. How much money would she have after a year ​

Answers

Answer:

The money transfer to the bank account

Which is considered a "safe" investment?
An Investment that gains slowly over time
An investment that is considered short term
An investment that changes quickly
An investment that does not match your risk tolerance

Answers

An investment can be called a safe Investment when it gains slowly over time. Thus, option A is the correct statement.

What do you mean by Investment?

Investment is the determination of an asset to gain a boom in price over a duration of time.

Investment calls for a sacrifice of a few assets, consisting of time, money, or effort. In finance, the cause of making an investment is to generate a return from the invested asset.

Thus, option A is the correct statement.

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Describe a situation where you provided or observed high-quality customer service.

Answers

A typical situation where i provided high-quality customer service is when i generously provide best customer service in my former work.

What is a high-quality customer service?

These quality service involves practices like valuing of customers' time, having a pleasant attitude and providing knowledgeable resource to the customers while offering them service.

Most time, when a high-quality customer service are offered, the customers my appreciated one's effort by tipping or praise them.

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Which of the following is not true in regards to investing in stock?
A. A stockholder will always receive a profit when the stock is sold.

B. Depending upon the current market price, stockholders may pay different prices
for the same stock

C. A stockholder owns a part of a company.

D. A stockholder may or may not receive a dividend.

Answers

This is not true with regards to investing in stock: A. A stockholder will always receive a profit when the stock is sold.

Who is a stockholder?

A stockholder is a part-owner of a company who holds a stock.

The stockholder or shareholder may be a person, an institution, or another company.

Thus, it is not true that A. A stockholder will always receive a profit when the stock is sold.

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A decline in real gdp lasting at least two quarters or more is called a.

Answers

Answer:

A decline in gdp lasting at least two quarters or more is called a recession

Explanation:

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MARK AS BRAINLIST

What actions can the Federal Reserve take when a bank is not meeting regulations? (Select all that apply.)

Issue an enforcement action.
Raise the discount rate for the bank.
Decommission the bank.
Change consumer laws.

Answers

The actions can the Federal Reserve take when a bank is not meeting regulations include:

Issue an enforcement action.Decommission the bank.

What is a Federal Reserve?

It should be noted that the Federal Reserves simply means the body that is responsible for overseeing the economy in a country.

In this case, the actions can the Federal Reserve take when a bank is not meeting regulations include issuing an enforcement action and the decommission the bank.

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Anna bakes cookies for $10 per batch, she charges customers $15 to a batch, and customers perceive that the cookies are worth $25 per batch. anna's profit margin is:

Answers

5$. The perception of the customer doesn‘t have to do anything with the profit margin.
Profit margin: Selling price - costs

Jensen was unable to meet a project deadline, and he noticed that his friend was finding it equally difficult to complete the project on time. Jensen put the blame on the management as he felt that it didn't provide the employees with adequate resources to successfully complete the project. In this scenario, Jensen's perception represents a(n) _____

Answers

The perception of Jensen to blame the management regarding the unavailability of resources is a representation of defensive bias.

What is bias?

A bias is a partial psychological orientation, which represents favor towards a particular thing or condition.

When someone does want to blame himself for not being able to complete the tasks being assigned, such a person will represent a defensive bias, so that he diverts the blame from himself.

Hence, the defensive bias of Jensen is represented in the situation as aforementioned.

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True or False: Potential customers and non-potential customers are mixed together in the marketplace, so it is impossible to ensure that all marketing expenditures go only to those who may eventually make a purchase (or many) help!!!! HURRY

Answers

The marketplace is full of both potential and non-potential customers which makes this statement True.

Are both potential and non-potential customers in the market?

The market does indeed have both potential customers for a product and non-potential customers who would not want to buy the product.

As a result, it is not possible to directly market to only potential customers, but to the entire marketplace.

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what is the difference between policy owner and insured

Answers

The policy owner normally pays the premium whilst the insured could technically be himself or also another person he is paying the insurance for. For example a father paying medical insurance for the entire family. THere he would be policy owner but also the rest of the family would be insured.

What does it mean when the feds raise interest rates?.

Answers

Answer:

slowing the economy by pushing up borrowing rates and raising the annual percentage rate on savings

Explanation:

victims of identity theft can request a credit freeze.

Answers

Answer:

True

Explanation:

People can use the victims credit card

The statement, "victims of identity theft can request a credit freeze" is true.

A credit freeze is a recognized and widely utilized measure to protect oneself from further identity theft-related harm.

By requesting a credit freeze, individuals can restrict access to their credit reports, reducing the risk of unauthorized accounts being opened in their name.

This measure serves as a preventive barrier, making it more difficult for identity thieves to exploit the stolen information.

Additionally, credit freezes are legally supported and regulated in many jurisdictions, providing victims with the right to request and implement this safeguard.

Thus, it is a recommended step in the aftermath of identity theft incidents to enhance security and regain control over personal financial information.

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True or false: Promotions tailored to specific countries or regions may be more successful, since each country or region has its own culture, language, and buying habits.

Answers

The given statement about the success of tailored promotions for individual countries is true.

What is a Tailored Promotion?

This refers to the type of advert or creation of awareness that is specific to a country or place and considers its needs for effective marketing.

Hence, we can see that because of this attention to detail about their language, culture, buying habits, etc, a tailored promotion is more likely to be successful.

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If a mcdonald’s menu board advertises mini meals, a small bundle of items for $3, mcdonald’s is most likely using which type of pricing strategy?.

Answers

The pricing strategy that McDonald's is likely using is called Value pricing.

What is Price?

This refers to the stated value for a given product that would have to be satisfied to purchase the item.

Hence, we can see that if McDonald makes an advertisement about mini-meals that cost $3 for small bundle of items, the pricing strategy that they are using is known as value pricing,

'

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This question has 2 parts
(Use picture for part 2)

National Unemployment Rate Rising
Rate of Inflation Falling

Given the conditions in the headline above, what is likely to happen to spending in
the economy?

spending would decrease because income is rising

spending would increase because prices are rising

spending would decrease because income is falling

spending would stagnate because income is falling

Answers

Since the image is not given, answer will be subjective. The spending in

the economy would decrease because income is falling.

What is income?

The income of a person is known to be what a person is been paid for working for a firm or others.

Note that  The spending in the economy would decrease because income is falling because there is no much money in the circulation.

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What are the different components that electronic banking provides?

Answers

Electronic banking provides safety of your money, and allows you to monitor transactions.

Answer:

Effiency, you can't spend more than you have.

Explanation:

Electrical banking allows you to make purchases online much quicker rather than punching in the numbers for your credit/debit card. And with electrical banking, the money comes directly from your account unlike a credit card its the banks money so if you spend to much, you're in debt, but that can't happen with electrical banking.

For which level of management are conceptual skills particularly important?.

Answers

Top level of management are those that need conceptual skills and its so important to them.

Why is so important for the top management ?

Conceptual Skills are so important especially to the top managers because it help them to evaluate any situation so that in proper case alternative courses of action can be seek.

Therefore with good conceptual skill, strategic planning can be used in handling problem.

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In 1883, citizens all over america reset their clocks and watches to reflect the current time in one of four new u.s. time zones. these new time zones were the result of _____. a. the united states’ cooperation in a world-wide time zone reform b. american railroad companies trying to simplify and coordinate their schedules c. labor unions arguing the need for factory workers to work the same work day from 8 a.m. to 5 p.m. d. samuel morse’s realization that the sun will rise on the west coast three hours earlier than the east coast

Answers

Citizens all over America reset their clocks to reflect the current time in one of four new U.S. time zones as a result of American railroad companies.

Why the time reset?

Time reset is often done due to different reasons. It may be due to error or so as to adjust a schedule.

Note that the reset was done o as to fit into the schedule of American railroad companies as they were tying to bring down or make easy and also coordinate their schedules of activities.

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Answer:

B. American railroad companies trying to simplify and coordinate their schedules

Explanation:

You are the manager of a fertility clinic and you need to purchase an Ultrasound for the providers. The equipment's acquisition cost is $65,000. You have arranged financing with the bank for a 15 year loan at an 8% interest rate. What is your monthly payment

Answers

The supervisor bought Ultrasound for the company, so his month-to-month bills will be $5200.

What is an easy hobby?

Simple interest is a short and smooth approach to calculating the interest rate on a loan. Simple interest is calculated by multiplying the daily interest fee by the number of days between bills.

This kind of interest generally applies to car loans or short-term period loans, despite the fact that a few mortgages use this calculation approach.

When you're making a charge on an easy interest loan, the charge first goes towards that month’s interest, and the rest goes towards the foremost.

Each month’s interest is paid in full, so it by no means accrues. In contrast, compound interest provide a number of the month-to-month interest lower back onto the loan; in every succeeding month, you pay for a new interest on the vintage interest.

The formulation for an simple interest is pretty, well, easy:

Simple Interest = PxIxN, where P denotes the principal and I denotes the daily interest fee. N = Number of days between bills "Simple" interest" generally applies to car loans or short-term non-public loans.

In the U.S., maximum mortgages on an amortization schedule are also easy interest loans, despite the fact that they are able to genuinely experience compound interest ones.

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FICA SS TAX and 401(k) on an earning statement are

net earnings
current totals
deductions
income dollars

Answers

Answer:

deductions

Explanation:

The FICA SS TAX and 401(k) on an earning statement are deductions. Option (c) is correct.

What is Net Earning?

When mandatory withholdings and deductions are deducted from gross earning, net earning is calculated. Such as state and federal income tax and social security contributions.

Your tax obligation at the end of the year and the amount of tax withheld from each pay cheque can both be decreased by the contributions you make to your 401(k) plan. However, you are not technically allowed to deduct your contributions to a 401(k) plan from your taxable income.

A qualifying profit-sharing plan's 401(k) element enables employees to set aside a percentage of their salaries for personal accounts. Elective salary deferrals are not considered taxable income for the employee. Employers may make deposits into their employees' accounts.

Therefore, Option (c) is correct.

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What are the benefits of thinking about retirement expenses now?.

Answers

Answer:

The Benefits of Retirement Planning Are More Important Now, Than Ever Before.

Know how much you need to retire.

Peace of Mind.

Make smarter decisions.

Reduce your tax burden.

Have a unified vision for retirement.

Prepare for healthcare expenses.

Retire on your own terms.

Explanation:

Sandra and Miriam are the same age. Sandra's parents deposited $10,000 into a
college savings account in the year she was born. Miriam's parents deposited
$10,000 into a college savings account when she was 14. There were no additional
deposits or withdrawals from either account, and both accounts have earned an 8
percent rate of interest, compounded annually, each year. (Select 2 reasons why)
Sandra will have more money in her college savings account at age 18?
Select 2 correct answer(s)
Sandra's parents deposited more into her account than Miriam's parents
Miriam's account will be penalized for early withdrawal.
Miriam's account has not been compounding interest as long as Sandra's.
Sandra's account has been earning interest for 14 more years than Miriam's

Answers

The reason why Sandra would have more money in her account would be due to:

Sandra's account has been earning interest for 14 more years than Miriam's.Miriam's account has not been compounding interest as long as Sandra's.

The reasons why Sandra would have more money in her account

One of the great reasons why Miriam would have greater interest is due to the fact that her account has been receiving more interest compared to Miriam's.

Another factor is because of the compound interest. The original 10000 in Sandra's savings has earned interests overtime and the interests have also earned further interests.

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Abc buys widgets for $5 cash and sells them on account for $8. From a cash flow perspective, the receivable is valued at?.

Answers

The recievable would be valued at $0

The total interest that accumulates over time on both the principle money deposited and accumulating interest in an interest-bearing savings account is known as ______ interest.

Answers

Answer:

coumpobd interest

Explanation:

because over time on both the principle money deposited and accumulating interest in an interest-bearing savings account

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