A New Administrative Regulation Allowed the Social Security Administration to Charge

question 21

Multiple Choice

A new administrative regulation allowed the Social Security Administration to charge women for Social Security cards,yet enabled men to obtain the cards for free.A lawsuit was filed challenging the constitutionality of this new regulation.If you were a justice on the Supreme Court you would most likely:

• A)review common law to see whether a precedent exists that violates the Fourth Amendment.
• B)use statutory interpretation to clarify the law based on First Amendment considerations.
• C)rule the regulation unconstitutional because it violates the Equal Protection clause.
• D)let the regulation stand in the interest of justice and equity.

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Definitions:

Present Value

The present calculation of a future monetary amount or series of cash inflows, using a particular return rate.

Cash Flows

The sum of all money transfers into and from a business, significantly altering its capacity to handle liquid assets.

Annuity

A financial product delivering fixed payments to an individual, typically over a period of time or for life, often used for retirement savings.

Sinking Fund

An arrangement to guarantee that funds are available to pay off a bond’s principal at maturity.