Question

mandatory government spending includes which of the following?
○ healthcare and military
○ social security and medicare
○ infrastructure and science
○ education and agriculture

question 2 2 pts
you are starting your first job and you are asked to complete some paperwork on your first day. which form will determine how much money is withheld from your paycheck for taxes?
○ w-2
○ i-9
○ w-4
○ 1040

question 3 2 pts
which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?
○ medicare
○ 401(k) contribution
○ federal income taxes
○ social security

Explanation:

Question 1 (Mandatory government spending)

Mandatory government spending consists of programs with legally - required funding. Social Security and Medicare are entitlement programs with mandatory funding. Military, infrastructure, science, education, and agriculture spending are more likely discretionary (or not the main mandatory ones), and healthcare in the first option is too broad (military is discretionary). So Social Security and Medicare are mandatory.

• W - 2 is a form employers give to employees showing earnings and taxes withheld (not for determining withholding).
• I - 9 is for verifying employment eligibility (not tax withholding).
• W - 4 is the form employees fill out to tell employers how much tax to withhold from their paycheck.
• 1040 is an individual income tax return (filed yearly, not for withholding).

• Medicare is a health insurance program (not retirement investment).
• 401(k) contribution is money put into a retirement account that the employee can manage (choose investments).
• Federal income taxes are for government revenue (not retirement investment).
• Social Security is a government - managed retirement/benefit program (not self - managed investment).

Answer:

B. Social Security and Medicare (assuming the options are labeled as A: Healthcare and military, B: Social Security and Medicare, C: Infrastructure and science, D: Education and agriculture)

Question 2 (Tax withholding form)