Which of the Following Statements Is an Accurate Statement About

question 287

Multiple Choice

Which of the following statements is an accurate statement about the Social Security (OASDI) program?

• A) The program is financed by voluntary contributions.
• B) Only 50 percent of workers are covered by OASDI.
• C) Benefits are based on financial need.
• D) The program transfers income from those who work to those who do not work.

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Definitions:

Equity

The concept of fairness and justice within the context of finance, employment, and law, ensuring equal treatment for all.

Pioneering Contributors

Individuals who have made significant foundational contributions in their field of expertise.

Third World Countries

A term originally used to describe countries not aligned with NATO or the Communist Bloc, now often used to refer to developing or low-income countries.

Eastern Hemisphere

The half of Earth that lies east of the Prime Meridian and west of the 180th meridian, encompassing continents like Asia, Africa, Europe, and Australia.