If 50% of the budget for Federal Pensions were to be reallocated as Social Security expenses, the
Question:
If 50% of the budget for Federal Pensions were to be reallocated as Social Security expenses, the size of the Social Security budget would increase by what percent?
A) 1.75%
B) 8.75%
C) 17.75%
D) 21.75%
Transcribed Image Text:
UNITED STATES FEDERAL BUDGET FISCAL YEAR 2010 Defense 20% Social Security 20% Medicare 13% All other expenses combined 13% Veterans Benefits 3.1% Federal Pensions 3.5% Education 3.7% Unemployment Compensation 4.6% Welfare/Food Stamps 5.3% Interest on National Debt 5.7% Medicaid/Child Health Insurance 8%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
B The Social Security budget in 2010 ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
McGraw-Hill Education SAT 2017
ISBN: 9781259641657
1st Edition
Authors: Christopher Black, Mark Anestis
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
In Chapter 12 (p. 432), we described a study reporting that college students who are on Facebook (or have it running in the background) while studying had lower grades than students who did not use...
-
Parzek purchased from New England Log Homes a log home kit consisting of hand-peeled logs, window frames, and door frames. The brochure that Parzek had seen before buying the log home kit contained a...
-
News choosing a pair of media outlets, compare how each reports the same story over three weeks. It should be a story like Home Capital's financial challenges and its impact on the Canadian housing...
-
Quilts R Us (QRU) is considering investing in a new patterning attachment with the cash flow profile shown in the table below. QRU's MARR is 13.5 percent/year. a. What is this investment's external...
-
Jefferson County established a capital project fund in 2011 to build lowincome housing with the transfer of $100,000 from the General Fund. The following transactions occurred during 2012: 1. April...
-
Define and comprehend the concept of data base and its types. 7. Briefly discuss Database Management Systems. 8. Enumerate and briefly discuss the key concepts of Database Management Systems....
-
5. Individual Problems 16-5 Your pharmaceutical firm is seeking to open up new international markets by partnering with various local distributors. The different distributors within a country are...
-
A pool that holds 20,000 gallons is full. A pump can deliver g gallons of water every m minutes. If the pumping company charges d dollars per minute, how much will it cost, in dollars, to fill the...
-
According to the graph above, in 1970 the number of violent crimes per 100,000 capita in the United States was closest to A) 25 B) 375 C) 700 D) 750 PRESCHOOL BLOOD LEAD LEVELS VS. VIOLENT CRIME...
-
a) What is brute-force password guessing? b) Why is it important to not simply use all lowercase letters in passwords? c) What are complex passwords? d) Why is password length important? e) What is a...
-
A car, which has a mass of 1250 kg., is moving along an icy highway at a speed of 35.0 raph. The coefficient of kinetic friction between the tires of the car and the road is u .720. The driver...
-
Corporate federal income tax rates: Corporate federal income tax rates increase as corporate income increases. are the same for all level of corporate income. reach a high of 50% for earnings over...
-
Why need to calculate the Book value for Calculation of the Incremental Free Cash Flow? Explain briefly
-
What do users need to know about the accounting equation for a business?
-
What is test of control for recording revenue when goods have not been shipped or services have not been performed.
-
There is an advantage to stating the hypothesis both in the null and the alternate; it adds clarity to our thinking about what we are testing. Explain.
-
A non-charmed baryon has strangeness S = 2 and electric charge Q = 0. What are the possible values of its isospin I and of its third component I z ? What is it usually called if I = 1/2?
-
Luby Corporation acquires a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2017 for $36,000. Luby does not elect Sec. 179 and elects out of bonus depreciation. What are depreciation...
-
Tracy acquires an automobile (MACRS 5-year recovery) on March 1, 2017. He uses the automobile 70% of the time in his business and 30% of the time for personal use. The automobile cost $36,000. No...
-
Troy entered into a three-year lease of a luxury automobile on January 1, 2017, for use 80% in business and 20% for personal use. The FMV of the automobile at the inception of the lease was $40,500,...
-
On January 1, 2024, Morey, Incorporated, exchanged $175,225 for 25 percent of Amsterdam Corporation. Morey appropriately applied the equity method to this investment. At January 1, the book values of...
-
Bank Reconciliation Garrison Corporation was closing its books on May 31. Garrison's accountant prepared a bank reconciliation as of May 31 and has found the following possible reconciling items...
-
Hydroflask water bottles produces three products, large mouth, small mouth and mini mouth water bottles. The company currently has a shortage of machine hours since one of its two machines is down;...
Study smarter with the SolutionInn App