How Many Quarters of Credit Are Necessary for an Individual

question 8

Multiple Choice

How many quarters of credit are necessary for an individual to be Fully Insured under Social Security and receive retirement benefits?

• A)10.
• B)20.
• C)40.
• D)60.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, granting holders the right to vote at shareholder meetings and receive dividends.

Retained Earnings

The cumulative amount of net income kept in the company to be reinvested in its core business or to pay debt, after paying dividends to shareholders.

Expenses

Expenses are the costs incurred in the process of generating revenue, and they can include items like rent, salaries, and utilities.