which of the following statements is true of incomes in the u.s.? course hero

What is the government spending determined by?

Government spending determined by programs like Social Security and Medicare (otherwise known as entitlement programs)

Do people with higher income pay more taxes?

People with higher income pay a larger portion of their income in taxes

When is income from subsidiary recognized?

A. Income from subsidiary is not recognized until there is an entire year of consolidated operations.

Which accounting system apportion goodwill to the parent?

E. U.S. GAAP and IFRS both apportion goodwill to the parent only.

What is the primary source of revenue for the government?

Revenue is predominantly from income taxes and payroll taxes. Expenditures include income security and interest on the national debt

Is a lump sum tax based on salary?

They are lump-sum taxes not based on wages/salaries.

Which president became convinced that the United States should support the Allies in World War II?

President Franklin Roosevelt became convinced that the United States should support the Allies in World War II for which of the following reasons?

Who were complicit in the impoverished conditions experienced by urban blacks?

White society and institutions were complicit in the impoverished conditions experienced by urban blacks.