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: 75% (8 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...
-
Suppose that an individual allocates his or her entire budget between two goods, food and clothing. Can both goods be inferior? Explain.
-
Appreciate what is involved in the marketing of fashion products. LO.1
-
Globe Corporation, a new environmental control company, initiated a performance based stock option plan for its management on January 1, 2010. The plan provided for the granting of a variable number...
-
Does IRS pay rewards for turning in tax cheats, and how is this computed?
-
In terms of decision-making sequences, how would you explain and describe: (a) The 25-year-old, healthy worker who sees the same physician for minor medical needs; (b) The retired individual who...
-
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...
-
In a factory, the overheads of a particular department are recovered on the basis of Rs. 5 per machine hour. The total expenses incurred and the actual machine hours for the department for the month...
-
Test the given claim. Assume that a simple random sample is selected from a normally distributed population. Use either the P-value method or the traditional method of testing hypotheses. Company A...
-
Trojan Technologies As Joyce Guo, senior buyer at Trojan Technologies Inc. in London, Ontario, Canada, finished her presentation, Randy Haill, materials manager, Made the following comments to her:...
-
In 2022, Andrew, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did...
-
Express the confidence interval (0.045,0.123) in the form of p^ - E < p < p^+ E.
-
Boomtown is preparing a cost analysis of the three departments: Parks. Fire, and Water. To comply with accuracy standards in allocating indirect costs, Boomtown will employ the step-down method of...
-
1. What BIA components would you recommend as critical for the organization? 2. What BIA components would you recommend as critical for the organization? Assume you are assisting with DR/BC planning...
-
Explain how the graph of each function can be obtained from the graph of y = 1/x or y = 1/x 2 . Then graph f and give the (a) Domain (b) Range. Determine the largest open intervals of the domain over...
-
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,...
-
Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering.
-
What is the NPV of a project that costs $34,000 today and is expected to generate annual cash inflows of $11,000 for the next 7 years, followed by a final inflow of $14,000 in year 8. Cost of capital...
-
help!!! Use the above information to calculate ending inventory using FIFO for a company that uses a perpetua/inventory system
Study smarter with the SolutionInn App