Do most federal government transfers of cash go to the


Question: 1. a. Do most federal government transfers of cash go to the elderly or to the poor?

b. Do most federal government purchases of health care go to the elderly or to the poor?

2. How big is the tax break from the $3,950-perchild income tax deduction for:

a. Families in the 10% tax bracket?

b. Families in the 25% tax bracket?

c. Families in the 35% tax bracket?

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Accounting Basics: Do most federal government transfers of cash go to the
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