All of the following persons are eligible for survivor benefits under Social Security EXCEPT A) dependent parents age 62 or older. B) a surviving brother or sister, age 60 or older. C) a surviving spouse age 60 or older. D) a surviving spouse with eligible children younger than age 16. ANSWER Answer: B
Date: September 19th, 2020
Which of the following statements about disability benefits under Social Security is true? A) There is a one-year waiting period before benefits are payable. B) Benefits are payable as long as the disabled worker is unable to perform his or her regular occupation. C) Benefits are payable only if the condition causing the disability is […]
Date: September 19th, 2020
Which of the following statements about the Social Security cost-of-living adjustment is (are) true? I. The amount of the adjustment is limited to a maximum of 2.5 percent annually. II. Increases are based on changes in the consumer price index. A) I only B) II only C) both I and II D) neither I nor […]
Date: September 19th, 2020
In addition to most persons over age 65, which of the following persons is (are) eligible for Medicare benefits? I. Persons under age 65 who have been entitled to Social Security disability benefits for at least 24 months II. Persons under 65 who need long-term kidney dialysis treatment or a kidney transplant A) I only […]
Date: September 19th, 2020
Shareholder wealth maximization means maximizing the price of the existing common stock. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Financial management deals with the maintenance and creation of economic value or wealth. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Which of the following statements about the medical insurance (Part B) portion of Medicare is (are) true? I. Participation in Part B of Medicare is voluntary. II. It is provided at no cost to anyone who is fully insured under Medicare. A) I only B) II only C) both I and II D) neither I […]
Date: September 19th, 2020
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 […]
Date: September 19th, 2020
Which of the following statements about the role of physicians with respect to Medicare claims is (are) true? I. Physicians who do not accept an assignment of Medicare claims can charge as much as 200 percent of the Medicare-approved fee. II. Physicians who accept assignment agree to accept the Medicare-approved amount as payment in full. […]
Date: September 19th, 2020
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) […]
Date: September 19th, 2020
