Which of the Following Statements About Social Security Disability Benefits

question 40

Multiple Choice

Which of the following statements about Social Security disability benefits is true?

• A)Benefits replace 90 percent of a disabled person's work earnings.
• B)A waiting period is not required for Social Security disability benefits.
• C)Social Security disability benefits are limited to a maximum duration of 60 months.
• D)A strict definition of disability is used in the Social Security program.

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Definitions:

Current Liabilities

Financial obligations that a company is expected to pay within one year, including accounts payable, short-term loans, and other similar debts.

Premium On Bonds

The amount by which the market value or sale price of a bond exceeds its face value, indicating that the bond was sold for more than its original issue price.

Contra Account

An account used in accounting to reduce the value of a related account; it has a balance opposite to the normal account balance.

Par Value

The face value of a bond or the stock value stated in the corporate charter, which may differ from its market value.