The US Social Security Administration Pays Approximately $46,000,000,000 in Monthly Benefits

question 45

Multiple Choice

The U.S. Social Security Administration pays approximately $46,000,000,000 in monthly benefits to all beneficiaries. Write this number in scientific notation.

• A) \(4.5 \left( 10 ^ { 9 } \right)\)
• B) \(4.5 \left( 10 ^ { 10 } \right)\)
• C) \(4.7 \left( 10 ^ { 9 } \right)\)
• D) \(4.6 \left( 10 ^ { 11 } \right)\)
• E) \(4.6 \left( 10 ^ { 10 } \right)\)

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Definitions:

Valid Trust

A trust that fulfills all legal requirements, ensuring its enforceability and the legal protection of the assets and beneficiaries involved.

Conveyance

The legal process of transferring property from one owner to another.

Legal Capacity

Refers to the ability of an individual or entity to enter into legally binding contracts, recognizing their rights and responsibilities.

Testamentary Trust

A trust that is created by a will and comes into effect upon the death of the person who created the will, distributing assets according to the will's provisions.