Which of the Following Is True About Social Security Retirement

question 67

Multiple Choice

Which of the following is true about Social Security retirement benefits?

• A)Benefits are subject to federal income tax.
• B)An earnings test exists for those beneficiaries aged 50 and under.
• C)Currently, an earnings test is required for those who have reached retirement age.
• D)Benefits are entirely free from state income tax throughout the U.S.
• E)An earnings test increases a person's incentive to retire.

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Definitions:

Dividend Ratio

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.

Financial Ratio

A numerical comparison derived from a company's financial statements that investors use to analyze a company's performance.

Shareholders

Individuals, companies, or institutions that own at least one share of a company's stock, and as a result, potentially benefit from its success in the form of dividends and/or capital gains.

Premise Control

The monitoring and management of the physical space or environment in which a business operates to ensure safety and efficiency.