The Social Security Retirement Program Is Financed by a 10

question 559

Multiple Choice

The Social Security retirement program is financed by a 10.6 percent payroll tax that applies to earnings up to an income cutoff that is adjusted upward annually by the growth rate of nominal wages. As of 2011, the income cutoff was

• A) $15,000.
• B) $32,700.
• C) $106,800.
• D) $250,000.

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Definitions:

One Gene - One Enzyme Hypothesis

A concept that proposes that each gene encodes a single enzyme, which facilitates a specific biochemical reaction.

Linus Pauling

An influential American chemist known for his work in chemical bonding, quantum chemistry, and health advocacy.

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