All of the Following Persons Are Eligible for a Benefit

question 51

Multiple Choice

All of the following persons are eligible for a benefit under the retirement portion of the Social Security program EXCEPT

• A)a divorced spouse,age 55,who was married to the retired worker for 6 years.
• B)a retired worker's 63 year-old spouse who is no longer caring for children.
• C)a retired worker's 52 year-old spouse who is caring for a 12 year-old daughter of the retired worker.
• D)a retired worker's unmarried 20 year-old son who has been severely disabled because of an automobile accident while he was in elementary school.

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Definitions:

Accounts Payable

A liability on a company's balance sheet representing the amounts due to suppliers by the business.

Cash

Money in the form of coins or notes that is readily available for transactions.

Initial Investments

The initial amount of money used to purchase an asset or start a business.

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits.