Which of the Following Statements Regarding the Funding of Social

question 50

Multiple Choice

Which of the following statements regarding the funding of Social Security is false?

• A)In 2004, workers contributed 6.2% of their wages up to a maximum of $87,900.
• B)Employers contribute an amount equal to the workers' contributions.
• C)Interest, dividend, rent, and royalty income are also taxed to provide supplemental funds for Social Security.
• D)Contributions exceeding the amounts paid to current Social Security recipients are invested in Treasury bonds to build up a Social Security trust fund.

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Definitions:

WAIS-III

The third edition of the Wechsler Adult Intelligence Scale, a widely used test designed to measure adult intelligence across various cognitive domains.

SATs

Standardized tests widely used for college admissions in the United States, assessing verbal, mathematical, and writing skills.

Grade Equivalent

A measure that describes a student's performance in terms of the grade level at which the average score is the same.