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Author Question: Which of the following is a problem associated with Social Security? A) It does not take paid ... (Read 65 times)

student77

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on: Jul 2, 2018
Which of the following is a problem associated with Social Security?
 
  A) It does not take paid wages into account.
  B) It is not capped at a certain level of income so it taxes the rich more.
  C) The dependency ratio has changed, so Social Security is becoming harder to finance.
  D) You can only get your payments in cash.

Question 2

A skewed dependency ratio is problematic for Social Security because __________.
 
  A) you can only get benefits if you are younger than 65 and have children who are still being claimed as a dependent on your taxes
  B) children over age 21 and listed as dependents for their parents over age 65 do not have to pay Social Security taxes
  C) it is the basis for how Medicare is funded and relies on dependents to pay a portion of their elderly parents taxes
  D) it is financed based on workers and if less people are working compared to those who are not, funding will become an issue


bitingbit

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Reply #1 on: Jul 2, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D


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