Social Security Is a

question 44

Multiple Choice

Social Security is a

• A) fully funded pension plan.
• B) federally insured private pension plan.
• C) government sponsored private pension plan.
• D) "pay-as-you-go" system.

---

Definitions:

Medicaid

Medicaid is a government-funded program in the United States that provides health care services to low-income individuals and families.

Corporate Profits

The total earnings of a company after subtracting production and operating costs, including taxes and interest.

Taxed Twice

Refers to a situation where the same income or financial transaction is subject to taxation in two different instances or under two different tax jurisdictions.

Equity

Fairness or justice in the way people are treated within the economy, often relating to the distribution of wealth.