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MariettaO [177]
3 years ago
6

The largest amount of money the government lays out is for the transfer program, _____. And its largest expenditure is for _____

. national defense, education Social Security, national defense interest payments on the national debt, roads
Business
2 answers:
bogdanovich [222]3 years ago
6 0

Answer:

<h2>Social Security and National defence.</h2>

Explanation:

The US  federal budget consists of the mandatory expenditures such as social security, medicare, discretionary spending and Cabinet departments discretionary spending . It is also spent on agencies such as securities and exchange commissions and interest payments.

During financial year 2018 the federal government spent more that four trillion while the spending in 2017 was approximately four trillion. The highest spending was for social security, defence and debt.

The expenditures were divided into two categories: Mandatory and Discretionary. The mandatory expenditures which were mandatory as per the law and was given to those who met eligibility criteria e.g Medicare and Social Security. The discretionary expenditures renewed each year e/g Defence

serg [7]3 years ago
5 0
The largest amount of money the government lays out is for the transfer program, Social Security. And its largest expenditure is for national defense. America is quite known for spending a lot of money on defending itself from any possible threat. 
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$3878.55

Explanation:

Step 1 :

It is given that Kristy has a biweekly gross earnings of $1950.

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Step 2 :

It is given that the social security tax is 6.2% up to $128,400. Kristy's earnings of 50,700$ does not exceed the threshold $128,400, hence 6.2% of her entire income is subject to social security withholding.

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Step 3 :

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Medicare withholding = 1.45% of 50,700 = 1.45*50700/100 = $735.15

Total withholding = Social Security withholding + Medicare withholding 3143.40 + 735.15 = $3878.55

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