If total government tax collections equal $100 billion, transfer payments equal $50 billion, and government interest payments equal $5 billion, then net taxes equal:
A) $55 billion.
B) $45 billion.
C) $155 billion.
D) $105 billion.

Question

Quizplus · Accepted Answer

The government collected $100 billion in taxes but gave back $55 billion in transfer payments and interest. Thus, the net collected was $45 billion.

If Total Government Tax Collections Equal $100 Billion, Transfer Payments