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Finance 61 Online
xXxJuachxXx:

The US government sends tax money back to households in the form of all of the following EXCEPT: A. wages B. interest C. goods and services D. transfer payments Please select the best answer from the choices provided A B C D

imbadkidjenna:

we can eliminate B and D because interest is defined as "money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt." so we know that is one way tax money gets back to households. and transfer payments is defined as "a payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy." so that also lets us know thats a way tax money is sent back to households.

imbadkidjenna:

Now , we are left with A and C. Looking at choice A, lets think about the definition of wages, "a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker." are wages a way that the government sends tax money back to households? the answer is yes it is. So we are left with C, goods and services . "Goods are items that are usually (but not always) tangible, such as pens, books, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a book, a digital videogame or a digital movie. " and if you read and understand the definiton of goods and services you will know that goods and services is NOT a way that the government sends tax money back to households. so what would be your answer?

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