All of the Following Are Options for Reducing the Long-Range

question 43

Multiple Choice

All of the following are options for reducing the long-range OASDI actuarial deficit EXCEPT

• A)increasing the payroll tax.
• B)reducing benefits.
• C)reducing the taxable wage base.
• D)using general revenues to fund benefits.

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Definitions:

Probabilities

The likelihood or chance that a particular event or outcome will occur, often expressed as a percentage or ratio.

Intuition

Intuition refers to understanding or knowing something without conscious reasoning; an immediate insight.

Flexibility

The ability to adapt or adjust to new conditions or circumstances without difficulty.

Spontaneity

The quality of being impulsive or of acting without premeditation.