Under the Current Social Security System, Married Persons May Draw

question 199

Multiple Choice

Under the current Social Security system, married persons may draw benefits based on

• A) only their own earnings.
• B) their own earnings or draw 50 percent of the benefits earned by their spouse.
• C) their own earnings plus 50 percent of their spouse's earnings.
• D) their own earnings plus 100 percent of their spouse's earnings.

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Definitions:

Nature

The inherent or fundamental qualities or characteristics of something, often referring to the physical world and its phenomena.

Dissolved

The process of legally disbanding a corporation or partnership, effectively ending its existence.

Corporation

A legal entity that is separate from its owners, providing limited liability to its shareholders and capable of owning property, entering contracts, and being sued.

Preferred Shareholders

Holders of preferred shares who may have a right to vote arising if dividends are not paid.