Which of the Following Statements About the Social Security Cost-Of-Living

question 35

Multiple Choice

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 II

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