Which of the following is a transfer payment?

Question

Quizplus · Accepted Answer

Social Security payments are a type of transfer payment, as they involve the government transferring funds from one group of individuals (taxpayers) to another group (retirees, disabled individuals, etc.). The other options listed are not transfer payments - the subsidy program is a form of government support for certain activities or industries, a tax deduction reduces a taxpayer's taxable income, and an income tax credit reduces a taxpayer's tax liability.

Which of the Following Is a Transfer Payment