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
Which of the following expenses is covered under the medical insurance (Part B) portion of the Medicare program? A) long-term care in a skilled nursing facility B) the fee charged by a surgeon for an operation C) the cost of a semi-private room during a hospital stay D) routine prescription drugs outside of the hospital […]
Date: September 19th, 2020
Which of the following statements about the full retirement age under the Social Security program is true? A) The current retirement age for full benefits is age 62. B) Beginning in the year 2025, the retirement age will be gradually increased to age 75. C) Early retirement with reduced benefits is allowed as early as […]
Date: September 19th, 2020
It is important to evaluate a corporate manager’s financial decision by measuring the effect the decision should have on the corporation’s stock price if everything else were held constant. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
All of the following persons are eligible for a benefit under the retirement portion of the Social Security program EXCEPT A) a divorced spouse, age 55, who was married to the retired worker for 6 years. B) a retired worker’s 63 year-old spouse who is no longer caring for children. C) a retired worker’s 52 […]
Date: September 19th, 2020
Which of the following statements about participation in the Social Security program is (are) true? I. Most private sector employees are covered under the Social Security program. II. Each employee has the right to “opt out” of the Social Security program if the employee does not wish to participate in the program. A) I only […]
Date: September 19th, 2020
As of this year, Brad, age 50, has 40 credits under the Social Security program. These credits were all earned in the last 10 years. What is Brad’s insured status under the program? A) He is currently and fully insured. B) He is currently insured, but not fully insured. C) He is fully insured, but […]
Date: September 19th, 2020
Each financial decision made by a corporate manager can be evaluated by its direct impact on the corporation’s stock price. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
One insured status under Social Security requires you to have earned at least six credits during the last 13 calendar quarters ending with the quarter of death, disability, or entitlement to retirement benefits. This insured status is A) disability insured. B) temporarily insured. C) fully insured. D) currently insured. ANSWER Answer: D
Date: September 19th, 2020
The fundamental goal of a business is to maximize the retained earnings available to the corporation’s shareholders. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
