Social plans financed in whole or in part by taxation or other mandatory investments by their present or future recipients are described as

Question

Quizplus · Accepted Answer

Social plans financed by taxation or mandatory investments by their recipients are known as contributory programs. In these programs, individuals contribute a share of their income or pay taxes to fund specific social plans or entitlements, such as Social Security or Medicare.

Social Plans Financed in Whole or in Part by Taxation