The Responsibility of Paying for the Social Security Benefits for Currently

question 72

Multiple Choice

The responsibility of paying for the Social Security benefits for currently retired individuals falls on

• A) current and future workers.
• B) the retired people themselves.
• C) no one, since the government prints the money.
• D) only working people over 50 years of age.

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Definitions:

Pay

To settle a debt by transferring money or goods to another party as an exchange for services, products, or obligations.

Rent Due

The amount of money that is owed by a tenant to a landlord for the use of a property according to the terms of the lease agreement.

Vested Remainder

A future interest in property that is secured to a particular person and will become possessory upon the expiration of a prior estate without any conditions attached.

Reversionary Interest

A future interest in property that returns to the original owner or the owner's heirs after the expiration of a temporary estate.