How Does the Government Compute Your Social Security Benefits

question 69

Multiple Choice

How does the government compute your Social Security benefits?

• A) Your income from stock dividends and interest from bonds is deducted from the agreed amount.
• B) The cost of living in a community is calculated, and you are provided 70% of that amount.
• C) As a woman, you are allocated less money because women live longer and will receive benefits longer.
• D) Your allocation is based on your medical history and on insurance reports of life expectancy.
• E) Your benefits are based on your earnings over the course of your (or your spouse's) work life and other factors, such as age when you decide to draw Social Security.

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Definitions:

Cerebral Cortex

The cerebral cortex is the outermost layer of the brain, involved in complex brain functions such as thought, memory, consciousness, language, perception, and attention.

Peripheral Nervous System

Part of the nervous system outside the brain and spinal cord, including all the nerves that extend to the rest of the body, responsible for transmitting sensory and motor information.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.