Which of the Following Statements Applies to the Social Security

question 211

Multiple Choice

Which of the following statements applies to the Social Security program?

• A) Benefits are paid on the basis of need.
• B) It provides cash assistance and services to families with dependent children.
• C) It is financed by payroll taxes on employees and employers.
• D) Benefit levels vary throughout the nation because the system is administered by the individual states.

---

Definitions:

Long-Term Debt Ratio

A financial ratio comparing the amount of long-term debt financing relative to the total capital of a company, indicating the leverage or financial risk.

Depreciation Expense

Assigning the cost of a material asset over the duration of its usability.

Operating Activity

Activities that constitute the core business functions, generating revenue and incurring expenses through day-to-day operations.

Accounts Receivable

The total finances that are due to a company from its customers for goods or services that have already been delivered or utilized, but payment has not been received.