Which of the Following Alternatives for Restoring the Solvency of OASI

question 20

Multiple Choice

Which of the following alternatives for restoring the solvency of OASI was NOT proposed in the 2010 report by the Senate Committee on Aging?

• A)Increasing payroll taxes
• B)Eliminating the wage cap on the FICA tax
• C)Raising the retirement age
• D)Privatizing the program

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Definitions:

Analysis Of Variance

A test for the difference between two or more means. A simple analysis of variance (or ANOVA) has only one independent variable, whereas a factorial analysis of variance tests the means of more than one independent variable. One-way analysis of variance looks for differences between the means of more than two groups.

Slope

The measure of the steepness or incline of a line, defined as the ratio of the vertical change to the horizontal change between two points.

Regression Equation

A mathematical formula used to describe the relationship between a dependent variable and one or more independent variables.

Correlation Coefficient

A numerical index that reflects the relationship between two variables, specifically how the value of one variable changes when the value of the other variable changes.