Which of the Following Is True About the Old Age,Survivors,Disability,and

question 75

Multiple Choice

Which of the following is true about the Old Age,Survivors,Disability,and Health Insurance (OASDHI) program?

• A)Only about 50 percent of U.S.employees are covered by the program.
• B)Federal,state,and local government employees account for a high percentage of employees covered under this program.
• C)There are no eligibility requirements to be met by an individual to receive benefits.
• D)Old-age insurance benefits for fully insured workers begin at the age of 50.
• E)High earners help subsidize benefit payments to low earners.

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Definitions:

Right-To-Work Laws

Laws that prohibit union security agreements between companies and labor unions, meaning that employees are not required to join a union or pay union dues as a condition of employment.

Labor Costs

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes, incurred by an employer.

American South

A geographic and cultural region in the United States, historically characterized by its distinct social, economic, and historical features, notably including the practice of slavery prior to the Civil War.

Helsinki Accords

A diplomatic agreement signed in 1975 aimed at improving relations between the Communist bloc and the West.