As of This Year,Brad,age 50,has 40 Credits Under the Social

question 8

Multiple Choice

As of this year,Brad,age 50,has 40 credits under the Social Security program.These credits were all earned in the last 10 years.What is Brad's insured status under the program?

• A)He is currently and fully insured.
• B)He is currently insured,but not fully insured.
• C)He is fully insured,but not currently insured.
• D)He is neither currently insured nor fully insured.

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Definitions:

Stock

A type of security that represents ownership in a corporation and a claim on a part of the company’s assets and earnings.

Earnings Per Share

A portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of a company's profitability.

Dividends Per Share

This is the amount of dividends paid to shareholders per existing share, illustrating the dividend payout on a per share basis.

Provincial Marginal Tax Rate

The Provincial Marginal Tax Rate is the tax rate that applies to the last dollar earned and varies by province within a country.