Which of the following is a reason that social insurance programs ...

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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.

[JYan]

Answer to Question 1

Answer: B

Answer to Question 2

Answer: C

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Thank you

[JYan]

Happy to help you