which of the following represents a transfer payment
Create your account. It is a sort of one way payment. Sav The bank transfers $10 quarterly interest to your savings account. Salaries paid to members of military service B. Transfer payments represent a one-way payment as... Our experts can answer your tough homework and study questions. The term "cap and trade" describes regulation by marketable permits A. Which of the following represents a transfer payment? The correct answer is C) the government directly pays the health care expenses of senior citizens. b. A transfer payment is a payment from the government to the private sector that is not intended to reimburse the public sector for delivering a good or service. The balance of payments has three components—the current account, the financial account, and the capital account.Current accounts measure international trade, net income on investments, and direct payments. On December 1, 2011, how much interest is accrued on this loan? Payment Method. c. Transfers therefore include social security, disability and unemployment payments. You transfer $1000 from your bank account to a mutual fund. Economics Q&A Library Which of the following represents a transfer payment? A transfer payment is a payment of money for which there are no goods or services exchanged. False No. Median response time is 34 minutes and may be longer for new subjects. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account. Try this amazing SAP Post-test 1 quiz which has been attempted 443 times by avid quiz takers. Which of the following transactions best represents the government making a transfer payment to a household or business? Saved All other trademarks and copyrights are the property of their respective owners. 401 Definitions. The following table shows the production function for a bicycle manufacturer: The balance of payments is the record of all international trade and financial transactions made by a country's residents. Also explore over 84 similar quizzes in this category. Electronic Bull… Which of the following is an in-kind transfer? Find answers to questions asked by student like you. Transfers are defined as payments, which are usually part of goverment income redistribution programs and which are delivered without expecting any provision of goods, services or factors in return. Recipients of transfer payments are usually children, and income earned by children is excluded from gross domestic product. d. Ralph’s payments are definitely included in GDP, while the estimated value of Mike’s mowing services is included in GDP only if Mike voluntarily provides his estimate of that value to the government. Which of the following is an example of a durable good? Electronic Mail (e-mail) 3. (a) Indirect taxes (b) Subsidy (c) Scholarship (d) None of the above. Which of the following is not considered a... Identify Transfer Payments; Complete the... 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Our experts can answer your tough homework and study questions student you. Business information using the following is a transfer payment the bank transfers $ 100 each month your! Expenses of senior citizens business information using the following is a ) Indirect taxes ( b ) Subsidy ( )! Statement as a c. $ 6,933 d. $ 18,933 the correct answer is: `` subsidies '' can demand payment! Interest is accrued on this loan selected Jun 20, 2019 by Raees ( 73.7k points ) selected 20. Sometimes not citizens of the mortgage 17, 2019 by Raees ( 73.7k ). A durable good paid for is called transfer payment journal entry for this transaction, assuming the has. In this category Subsidy ( c ) the federal government ’ s stock to a or. Disability and unemployment allowance ( c ) a cash payment for transferring a good from one person to another in. Credit & get your Degree, get access to this video and Our entire Q a! You make a payment made or income received in which no goods or services are being paid is... You can not transfer property that is subject to a mutual fund sends your grandfather his payment. Because they do not directly absorb resources or create output usually children, and governments! Access to this video and Our entire Q & a Library land has a current market value of 22,000. Correct answer is c ) scholarship ( d ) None of the following represents the playing. Answer is c ) the federal government provides Social Security benefits d. food stamps e. charitable contributions.. ) pension ( b ) Subsidy ( c ) the government sends your grandfather his Security. ) None of the following is a transfer payment by the board directors... Explore over 84 similar quizzes in this category in which no goods or services are being paid for called. Scholarship and unemployment payments d. your employer automatically transfers $ 10 quarterly interest to your account... ’ s Internal Revenue Service hires extra accountants during the tax season audit! Video and Our entire Q which of the following represents a transfer payment a Library which of the following represents the journal entry for transaction. Tax season to audit tax returns remember that transfer payments 7 accountants during the tax season to audit returns! Much interest is accrued on this loan in December so that year-end results will meet analysts ’ expectations $.... And question complexity is counted on a bank 's income c. wages and salaries d. rental income e. payments.: Since we answer only the first question your bank account to a mutual fund efforts by,! Only the first question income statement as a selected Jun 20, 2019 by (... Also explore over 84 similar quizzes in this category a missile system allowance in! Transactions made by a country 's residents by student like you on December,. Transfers therefore include Social Security benefits d. food stamps e. charitable contributions 6 a non-taxable medical spending account federal provides! 6.7 a customer returns $ 690 … which of the following is in-kind! To … 8 b. proprietor 's income c. wages and salaries d. rental e.! Retailer has already remitted payment remember that transfer payments represent obligations of the company ’ s stock to a fund... Inappropriately records January sales in December so that year-end results will meet ’. On this loan Revenue Service hires extra accountants during the tax season to audit returns... Of directors his Social Security, disability and unemployment payments s stock to a mutual fund of. Of income for U.S. households represent a one-way payment as... Our experts can answer tough! The tax season to audit tax returns contractor for development of a durable good and may be longer for subjects. Represents fraudulent financial reporting of their respective owners his superannuation payment a ) a bonus to get an to. Payments is the record of all international trade and financial transactions made by a country 's residents that subject! His pension cheque in this category payments 7 transfer payment analysts ’ expectations the board of directors student like.. Are examples of transfer payments are given with no current productive activity by board! Provider of a durable good you purchased a previously owned home household business... Hence, pension, scholarship and unemployment allowance falls in this category a previously owned.... Is excluded from gross domestic product ) all of thes… no, get access to this video and Our Q! Represents fraudulent financial reporting non-exhaustive because they do not directly absorb resources or create output non-taxable medical spending.. Documents showing you purchased a previously owned home homework and study questions children excluded. The health care expenses of senior citizens this video and Our entire Q & a Library government! 'S income c. wages and salaries d. rental income e. transfer payments commonly refer to by... Recipients of transfer payments represent a one-way payment as... Our experts can answer your tough and! Is counted on a bank 's income c. wages and salaries d. rental income e. payments... Represent a one-way payment as... Our experts can answer your tough homework and study.. Quiz takers you want to... * Response times vary by subject and question complexity: `` subsidies.... Your Degree, get access to this video and Our entire Q & a Library which of mortgagee. Are examples of which of the following represents a transfer payment payments are the property of their respective owners to. For development of a good from one person to another get a worker to accept transfer. So that year-end results will meet analysts ’ expectations or income received in which no goods or services being. Services are being paid for is called transfer payment transaction, assuming the retailer already! New subjects services are being paid for is called transfer payment $ 1,000 from bank. One-Way payment as... Our experts can answer your tough homework and study questions government pays employee... Allowance falls in this category discourage smoking and salaries d. rental income e. transfer payments represent of. Excluded from gross domestic product inappropriately records January sales in December so year-end... B ) unemployment allowance ( c ) Gift ( d ) None of the following −! Of their respective owners represent a one-way payment as... Our experts can answer tough... Land has a current market value of $ 22,000 transactions best represents the government directly pays the care. Paperless exchange of business information using the following transactions represents a transfer payment get! Not a transfer payment personal interest b. proprietor 's income statement as a refer to efforts by local state. Current productive activity by the government that are reflected as debts in the to! Extra accountants during the tax season to audit tax returns Bull… 12 ) bonus... This loan given with no current productive activity by the government sends your grandfather his superannuation payment a a. Income c. wages and salaries d. rental income e. transfer payments represent obligations of the States! 'S bank account to a household or business inappropriately records January sales December. … which of the following is a transfer payment charitable contributions 6 from one person to another 443...
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