The Social Security Trust Fund

question 176

Multiple Choice

The Social Security Trust Fund

• A) will provide a stream of future revenue for the federal government.
• B) is a "pot" of money set aside for the payment of future benefits.
• C) is a net asset of the U.S. Treasury worth approximately $2 trillion.
• D) is of zero asset value to the federal government.

---

Definitions:

Factory Overhead

Factory overhead refers to all the indirect costs associated with manufacturing, excluding direct labor and direct materials, such as utility costs and maintenance expenses.

Work in Process Inventory

Products that are under construction but haven't been fully finished.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold.