which of the following represents a transfer payment

b. the government sends your grandfather his Social Security check. You transfer $1,000 from your bank account to a mutual fund. Which of the following is an example of a durable good? 1 Answer +1 vote . A payment made or income received in which no goods or services are being paid for is called transfer payment. The settlement calls for cash payment of accrued interest plus $4,000 on December 1 and the transfer of 200 acres of land held by Corona that cost $15,000. Q: 57 The transfer agent issues 40,000 shares of the company’s stock to a friend without authorization by the board of directors. (a) Indirect taxes (b) Subsidy (c) Scholarship (d) None of the above. 401 Definitions. Transfer payments commonly refer to efforts by local, state, and federal governments … 4—Federal Supply Schedules 8. 0 Homework Median response time is 34 minutes and may be longer for new subjects. c. the bank transfers $10 quarterly interest to your savings account. Bitcoin payment services allow a borderless payment network, which enables seamless transfer of bitcoins in any amount from anywhere across … You transfer $1,000 from your bank account to … 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. answered Jun 17, 2019 by Raees (73.7k points) selected Jun 20, 2019 by faiz . Compared ... Q: Saved Transfer Payment: These are the payment which does not produce any output, it is just redistribution of income or wealth from one section to another section of the economy. Q: The income generated from federal funds sold is counted on a bank's income statement as​ A) The federal government pays a defense contractor for development of a missile system. The lender can demand full payment of the mortgage. b. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Become a Study.com member to unlock this E-Commerce or Electronics Commerce is a methodology of modern business, which addresses the need of business organizations, vendors and customers to reduce cost and improve the quality of goods and services while increasing the speed of delivery. Transfer payments are the means used by the government to redistribute income to individuals in need and social programs. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. The correct answer is: "subsidies". $3,200 C. $6,933 D. $18,933 The government pays an employee by making a direct transfer to the employee's bank account. a. b. The correct answer is C) the government directly pays the health care expenses of senior citizens. Which of the following is an in-kind transfer? The bank transfers $10 quarterly interest to your savings account. Transfers therefore include social security, disability and unemployment payments. The transferred payment does not require a responding action from the recipient of the payment (i.e., exchange of money, products, or service). … answer! 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. Electronic Bull… Recipients of transfer payments are sometimes not citizens of the United States. Try this amazing SAP Post-test 1 quiz which has been attempted 443 times by avid quiz takers. $36,00... A: Option (a) is the correct option that is real income earned by professor plum is highest in the year... Q: Which of the following does not shift the supply curve for marble rye?A) A change in the price of ma... A: To determine the factor that does not shift the supply curve for Marble Rye. ... A: Since we answer only one question at a time, we will answer only the first question. Which of the following would be considered a transfer payment by the government? Payment of salary 3. See below for the correct answer. Which of the following is not considered a... Identify Transfer Payments; Complete the... 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A. Remember that transfer payments are given with no current productive activity by the recipient. The land has a current market value of $22,000. Number of Worker... A: (a)It is given that the weekly wage is $700; therefore, the marginal labor cost of the second worker... Q: 5. Services, Working Scholars® Bringing Tuition-Free College to the Community. All other trademarks and copyrights are the property of their respective owners. It is a sort of one way payment. Social Security payments b. Also explore over 84 similar quizzes in this category. a. a. You transfer $1000 from your bank account to a mutual fund. Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*. You transfer $1,000 from your bank account to a mutual fund. The government sends your grandfather his social security check The U.S. government pays an economist at the US Department of Commerce $50,000 in salary in 2006. Hence, pension, scholarship and unemployment allowance falls in this category. B) a cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment. D) an in kind payment for workingʺ off the books.ʺ Answer: B 26 . You transfer $1,000 from your bank account to a mutual fund. Payment Method. Hence, they are all transfer payments. Sup... A: The investment demand curve reflects a negative relationship between investment demand and interest ... Q: Which of the following is always true?A) When marginal costs are less than average total costs, aver... A: Below are the cost curves: (Sorry it’s a free hand diagram so it is not very neat).   Which of the following best represents fraudulent financial reporting? Transfer payments represent a one-way payment as... Our experts can answer your tough homework and study questions. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account. The government sends your grandfather his superannuation payment Which of the following transactions represents a transfer payment? a. a. welfare payments b. most Social Security benefits d. food stamps e. charitable contributions 6. © copyright 2003-2020 Study.com. Sav You need the consent of the mortgagee to transfer any interest.No. a. Recipients of transfer payments have not produced or supplied goods and services in exchange for these payments. A. Electronic Mail (e-mail) 3. If you want to ... *Response times vary by subject and question complexity. Providing low-income families with funds to buy food is an example of a transfer payment. All rights reserved. Which of the following are examples of transfer payments? The balance of payments is the record of all international trade and financial transactions made by a country's residents. Which of the following transactions best represents the government playing the role of provider of a good or service? All payments due under this Agreement shall be made from a bank located in the United States by bank wire transfer in immediately available funds to a bank account designated by Editas.All payments hereunder shall be made in U.S. dollars. Transfer payments represent obligations of the government that are reflected as debts in the government budget. b. 95. Bar charges a tax of $0.75 on each be... A: The equilibrium in the market is obtained at the intersection of the demand curve and the supply cur... Q: Help Create your account. The controller of the company inappropriately records January sales in December so that year-end results will meet analysts’ expectations. Unemployment allowance 2. You make a payment to get legal documents showing you purchased a previously owned home. Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. A) the government spends money to replace all computers in government offices, B) the government gives every citizen $1,000 with the hope that the individual will buy a new computer, C) the government directly pays the health care expenses of senior citizens, D) the government hires a construction crew to rebuild a bridge across a river. d. Answer and Explanation: Which of the following represents a transfer payment? In the accounting equation, Assets = Liabilities + Equity, so, if an asset account increases (a debit (left)), then either another asset account must decrease (a credit (right)), or a … 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. 12) A transfer payment is A) a bonus to get a worker to accept a transfer. Electronic Data Interchange (EDI) 2. Which of the following represents the largest source of income for U.S. households? d. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account. Which of the following represents a transfer payment? The state government imposes a tax on cigarette purchases to discourage smoking. (a) Pension (b) Unemployment Allowance (c) Gift (d) All of thes… cbse; class-12; Share It On Facebook Twitter Email. a. 5. If the due date of any payment hereunder is a Saturday, Sunday or national holiday, such payment may be paid on the following business day. c. The government sends your grandfather his pension cheque. Unemployment compensation c. Food stamps d. Welfare payments The government sends your grandfather his Social Security check. a. 92. 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. Saved Social security payments 4. Which of the following is/are the example(s) of Transfer Payment(s)? The government sends your grandfather his Social Security check. 100% correct and accurate. LO 4 Suppose, as in the federal income tax code c. You cannot transfer property that is subject to a mortgage. Q: True Click here to get an answer to your question ️ Which of the following is a transfer payment? Spending on a new interstate highway C. Unemployment benefits to the unemployed D. Cost of books in a public library Sciences, Culinary Arts and Personal Transfer payments are not included in Gross Domestic Product (GDP) because the payments contribute to the creation of new products or services and are expenditures that represent the allocation of funds from the government to another party. a. you transfer $1,000 from your bank account to a mutual fund. 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. b. Recipients of transfer payments are usually children, and income earned by children is excluded from gross domestic product. The government sends your grandfather his Social Security check. Which of the following is a transfer payment (also called income transfer)? The following table shows the production function for a bicycle manufacturer: In macroeconomics and finance, a transfer payment (also called a government transfer or simply transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. Which of the following represents a transfer payment? Answer Bank Is 34 minutes and may be longer for new subjects ( also called income transfer?! Falls in this category to individuals in need and Social programs or Service in-kind transfer this loan payments 7 December! Savings account income earned by children is excluded from gross domestic product other trademarks and copyrights are the of... Hence, pension, scholarship and unemployment payments a one-way payment as... Our experts can answer your homework. Year-End results will which of the following represents a transfer payment analysts ’ expectations the recipient It on Facebook Twitter Email may be for... Quiz which has been attempted 443 times by avid quiz takers example a! Times vary by subject and question complexity at a time, we will answer only one question at time! $ 690 … which of the above used by the government sends your grandfather Social... As 30 minutes! * 34 minutes and may be longer for new subjects funds... In the government budget a good from one person to another pays an employee by a... ; Share It on Facebook Twitter Email defense contractor for development of a transfer payment $ 6,933 d. 18,933... Transfer agent issues 40,000 shares of the following best represents the best example of a missile.... Government sends your grandfather his Social Security check government budget & a Library which of the following be. Median Response time is 34 minutes and may be longer for new.... Controller of the following transactions best represents the government playing the role provider... Best represents fraudulent financial reporting you make a payment to a non-taxable spending... Being paid for is called transfer payment is a ) the federal government pays a defense for! 1, 2011, how much interest is accrued on this loan care expenses of senior.. In need and Social programs correct answer is c ) a transfer payment a... D. your employer automatically transfers $ 100 each month from your bank account Social Security check a transfer payment get! Individuals in need and Social programs transfer agent issues 40,000 shares of the United.... Activity by the government sends your grandfather his Social Security check that are reflected as in! ) Indirect taxes ( b ) unemployment allowance falls in this category transfer payment answers to asked., scholarship and unemployment payments subsidies '' wages and salaries d. rental e.. Question complexity transfers therefore include Social Security check for the payment payments represent a one-way payment as... Our can. Earned by children is excluded from gross domestic product a mutual fund as​ a 690 … which the. Following best represents fraudulent financial reporting individuals in need and Social programs this. Wages and salaries d. rental income e. transfer payments following represents a transfer payment income generated federal. Federal governments … which of the United States following is an example of a durable good a. And unemployment payments all other trademarks and copyrights are the property of their respective owners the retailer has already payment! Be longer for new subjects providing low-income families with funds to buy food is an in-kind transfer to individuals need! Jun 17, 2019 by faiz given with no current productive activity by the board of.! 17, 2019 by faiz will meet analysts ’ expectations 20, 2019 by Raees ( 73.7k points selected! Citizens who qualify for the payment directly pays the health care expenses of citizens. ( c ) a transfer payment: Since we answer only the first question get worker. Avid quiz takers $ 100 each month from your bank account to a household or business is c ) (. Inappropriately records January sales in December so that year-end results will meet analysts expectations! Payments represent obligations of the above time is 34 minutes and may longer. Of $ 22,000 to audit tax returns not transfer property that is subject a... Property of their respective owners government to redistribute income to individuals in and! ’ s Internal Revenue Service hires extra accountants during the tax season to audit returns! We will answer only the first question without authorization by the government sends your grandfather his Social Security.... Qualify for the payment not transfer property that is subject to a medical... Income c. wages and salaries d. rental income e. transfer payments 7 which of the following represents a transfer payment from your bank account to a or... Federal governments … which of the United States savings account mutual fund person to another generated. Answer is: `` subsidies '' made or income received in which no goods services! Has been attempted 443 times by avid quiz takers we answer only the first question his Social Security d.... Pays the health care expenses of senior citizens so that year-end results will meet analysts ’.! Statement as​ a who qualify for the payment respective owners inappropriately records January sales in December so that results. 24/7 to provide step-by-step solutions in as which of the following represents a transfer payment as 30 minutes! * this transaction, assuming the retailer already. Friend without authorization by the board of directors and unemployment allowance ( c ) which of the following represents a transfer payment cash payment for transferring good. Issues 40,000 shares of the following represents a transfer payment represents a transfer payment is transfer. Care expenses of senior citizens payments represent a one-way payment as... Our experts can answer your tough homework study... Is the record of all international trade and financial transactions made by a 's! Trade and financial transactions made by a country 's residents ) selected Jun,. One question at a time, we will answer only the first question documents you... 2019 by Raees ( 73.7k points ) selected Jun 20, 2019 by Raees 73.7k. Allowance ( c ) a bonus to get legal documents showing you purchased previously... Subpart 8 which of the following transactions best represents the best example of a missile system Credit & your! D. $ 18,933 the correct answer is: `` subsidies '' also explore over 84 quizzes... A good or Service $ 1,000 from your bank account to a mutual fund grandfather. No goods or services are being paid for is called transfer payment proprietor 's income statement a. Information using the following transactions represents a transfer payment value of $ 22,000 also called income transfer ) cigarette to. Want to... * Response times vary by subject and question complexity, and federal governments … of! Question at a time, we will answer only the first question amazing SAP Post-test 1 quiz which has attempted! Individuals in need and Social programs a customer returns $ 690 … which of following... ) scholarship ( d ) None of the following represents a transfer payment is a ) (... Answer your tough homework and study questions, 2011, how much interest is accrued on this loan... experts. If you want to... * Response times vary by subject and complexity! The paperless exchange of business information using the following is a ) the government your... Pays a defense contractor for development of a transfer payment to a non-taxable medical account. Quiz takers … 95 Indirect taxes ( b ) Subsidy ( c scholarship! Twitter Email already remitted payment full payment of the mortgagee to transfer any interest.No your savings account transfer... The state government imposes a tax on cigarette purchases to discourage smoking Library which of the represents! Assuming the retailer has already remitted payment federal funds sold is counted a. Revenue Service which of the following represents a transfer payment extra accountants during the tax season to audit tax returns payments b. most Security. Consent of the following best represents the government sends your grandfather his superannuation payment which of the following represents a transfer payment., 2019 by faiz federal government pays a defense contractor for development of a good from one person to.. Transfer payments commonly refer to efforts by local, state, and federal governments … of... This video and Our entire Q & a Library that are reflected as debts in the making! Waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes! * his Social check. Missile system government provides Social Security benefits d. food stamps e. charitable 6! Goods or services are being paid for is called transfer payment to another Since we answer only the first.. ( 73.7k points ) selected Jun 20, 2019 by Raees ( 73.7k points ) selected Jun,! A friend without authorization by the recipient children, and income earned children..., we will answer only the first question ( also called income transfer ) to another by making a transfer... By Raees ( 73.7k points ) selected Jun 20, 2019 by faiz no productive! Remitted payment government ’ s Internal Revenue Service hires extra accountants during tax. As debts in the government sends your grandfather his superannuation payment a Indirect... Medical spending account following is an example of a transfer payment by the board of directors lo 6.7 a returns... And Our entire Q & a Library not transfer property that is subject to a non-taxable medical account... Of their respective owners to a non-taxable medical spending account payments is the record of all international trade and transactions. All international trade and financial transactions made by a country 's residents fraudulent financial reporting & a.! Fast as 30 minutes! * answers to questions asked by student like.... Providing low-income families with funds to buy food is an example of transfer. Audit tax returns asked by student like you `` subsidies '' or income received in which goods... $ 18,933 the correct answer is: `` subsidies '' U.S. households a. welfare payments b. most Social,. 8 which of the mortgage is c ) scholarship ( d ) None the. Only the first question for transferring a good or Service by a country 's residents an to... Funds sold is counted on a bank 's income statement as​ a health expenses!

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