Which Is NOT True About Social Security Administration

question 19

Multiple Choice

Which is NOT true about Social Security Administration?

• A) It provides survivors benefits
• B) Health insurance under Medicare is provided
• C) It is a retirement program only
• D) It provides disability insurance

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Definitions:

FICA Tax Rate

The percentage of social security and Medicare taxes that both employees and employers must pay, based on wages paid.

Wage Bracket

A range or category of income levels used to calculate tax withholdings or determine pay scales based on earnings.

Withholding Table

A chart or table used by employers to determine the amount of tax to withhold from an employee's paycheck based on earnings and tax status.

Interest-Bearing Note

A debt instrument that pays interest to the holder at a fixed or variable rate over a specified period.