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Author Question: Which of the following is a reason that social insurance programs exist? A) to compete with ... (Read 27 times)

formula1

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on: Jul 11, 2018
Which of the following is a reason that social insurance programs exist?
 
  A) to compete with private insurance programs
  B) to provide a base of economic security
  C) to provide needs-tested benefits to low-income individuals
  D) to reduce involvement of the government in insurance markets

Question 2

The tax credit available through the Saver's Credit is equal to
 
  A) the annual IRA contribution limit.
  B) 2,000 regardless of income level and tax-filing status.
  C) a percentage of the contribution made to a traditional IRA, Roth IRA, 401-k, SIMPLE plan, or 403(b) plan.
  D) one-fourth of the Social Security taxes paid by the taxpayer.


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JYan

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


formula1

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Reply #2 on: Jul 11, 2018
Thank you :)


JYan

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Reply #3 on: Jul 11, 2018
Happy to help you


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