Why Do Social Security and Medicare Pose Problems for the Federal

question 39

Multiple Choice

Why do Social Security and Medicare pose problems for the federal government budget?

• A) The number of people retiring is increasing.
• B) The number of workers who can pay for these retirees is increasing.
• C) Life expectancy is decreasing.
• D) The number of sick people is rising too quickly.
• E) Social insurance taxes cannot legally be raised any further.

Calculate the final amount due considering payment terms and discounts.

Apply the concept of trade discounts to calculate future or past values.

Understand and interpret trade terms such as 3/10, n/30.

Understand the concept of discount periods and calculate the end date.