Which One of the Following Is True of Social Security

question 58

Multiple Choice

Which one of the following is true of Social Security benefits?

• A) Benefits are taxed as ordinary income at both the federal and state level.
• B) Workers who meet requirements receive retirement benefits according to age and earnings history.
• C) Workers are not required to meet any eligibility rules to receive benefits.
• D) The cost of the program is borne entirely by the employees who pay a payroll tax.
• E) The program covers railroad and federal, state, and local government employees.