All of the following are transfer payments except
A)welfare payments.
B)unemployment compensation.
C)personal income taxes.
D)Social Security.

Question

Quizplus · Accepted Answer

Transfer payments are payments that do not involve any production of goods or services, such as welfare, Social Security, and unemployment compensation. Personal income taxes, on the other hand, are taxes paid by individuals on their income and are not considered transfer payments.

All of the Following Are Transfer Payments Except