Author Question: Which of the following statements about a worker's primary insurance amount is (are) true? I. It ... (Read 49 times)

Charlie · **on:** Jul 11, 2018

Which of the following statements about a worker's primary insurance amount is (are) true?

I. It is the monthly amount paid to a worker who elects early retirement at age 62.
II. It is equal to 50 percent of the worker's final average pay that was subject to Social Security taxes.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Which of the following statements about the characteristics of social insurance programs is true?

A) They are designed to provide a floor of income with respect to the risks that are covered.
B) Social insurance benefits payments are unrelated to income.
C) Participants are required to satisfy a means test to receive benefits.
D) With few exceptions, participation in social insurance programs is voluntary.