Residual Benefits Pay a

question 5

Multiple Choice

Residual benefits pay a

• A) partial benefit when the insured is not totally disabled.
• B) partial benefit when the insured is totally disabled.
• C) total sum based on the type of illness.
• D) total payment based on the type of past employment.

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Definitions:

No Child Left Behind

A United States Act of 2001 aiming to close the achievement gap with accountability, flexibility, and choice, so that no child is left behind in education.

Marginal Tax Rate

The rate at which the last dollar of a person's income is taxed, indicating the rate of tax applied to your next dollar of income.

Payroll Taxes

Taxes that are withheld from employees' wages by their employers and paid directly to the government, typically used to fund social security and healthcare programs.

Federal Income Tax

Federal income tax is a tax levied by the national government on individuals' and corporations' annual earnings, contributing to federal revenue.