INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 70

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Lois,age 67,is receiving social security benefits.She received $25,000 in interest and dividends this year.Her social security benefits [will | will not] be reduced because of these earnings.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Common Carriers

Companies or entities that provide transportation services to the public under the authorization or regulation of a governmental body.

Liability

Legal responsibility for one's actions or inactions, which may lead to legal or financial penalties.

Bailed Goods

Goods that are delivered to a party (the bailee) for a specified purpose under a contract of bailment, without transfer of ownership.

Uniform Transfers to Minors Act

A statute that allows minors to receive gifts or inheritance in a custodianship until they reach a certain age.