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What was more than half of the population doing for work around the mid to late 1800s?
Farming
What is workers compensation?
Insurance for hazardous working conditions at first, now for all working conditions. If you are hurt on the job, you will receive compensation.
What does SNAP stand for?
Supplemental Nutrition Assistance Program
What is the poverty level for a 1 person household?
$12,490
How do I find the effective rate?
Take the annual tax dollars you pay and divide it back into your taxable income.
What started this shift from agriculture to more specialized jobs?
Industrial Revolution
False, the family would receive the benefits.
What percentage of students in Cobb County receive free breakfast and lunch?
45%
What is the federal minimum wage in this country?
$7.25
Find annual tax dollars and effective rate if your taxable income is $48,500 and you file single.
$6,459.66
13.32%
What did the industrial age bring to the American People?
Specialized jobs, factories, large cities.
What was the cause for the first medial/hospital benefits to be issued?
WWI
True or False? Medicaid is only funded by the federal government.
False, funded by the state and federal.
What does FLSA stand for?
Fair Labor Standards Act
Find annual tax dollars and effective rate if your taxable income is $77,600 and you file Married Joint.
$8,916.88
11.49%
Why were people becoming more and more dependent on paychecks during the industrial age?
Farming jobs were becoming less prevalent and people were not living off of the land like they were. Needed a paycheck to live and survive.
The Great Depression lead to the development of what program?
Social Security
What is the main difference between medicaid and medicare
Medicaid is for low income individuals or families and Medicare is for older people.
True or False? All of these programs are funded by the government free of charge to the American People.
False, our taxes fund these programs.
Find annual tax dollars and effective rate if your taxable income is $186,999 and you file married separate.
$40,854.28
21.85%
What was the first form of social insurance?
Worker Compensation
The food stamp program was developed for who?
Low income families to help with nutrition. Also included breakfast and lunch for students.
True or False? Medicare is provided for persons at or above the age of 65 and is only provided if that person is considered to be at or below the poverty line.
False, it is provided no matter what the age of the person is.
Tax brackets that use multiple percent levels and dollar ranges instead of one are referred to as what kind of bracket?
Graduated
Find annual tax dollars and effective rate if your taxable income is $890,000 and you file head of household.
$292,283.88
32.84%