All of the following are transfer payments except
A) Medicaid.
B) unemployment compensation.
C) personal income taxes.
D) Food Stamps.

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to individuals or families for which no good or service is provided in return. Medicaid, unemployment compensation, and Food Stamps are all examples of transfer payments. However, personal income taxes are not transfer payments. They are taxes that individuals pay to the government based on their income, and are not considered a payment made by the government to individuals.

All of the Following Are Transfer Payments Except