Which of the Following Situations Would Be LEAST Likely to Predict

question 79

Multiple Choice

Which of the following situations would be LEAST likely to predict a negative adjustment to retirement?

• A) when the retiree loved her job
• B) when retirement is accompanied by a substantially reduced standard of living
• C) when the transition to retirement has been anticipated for a long period of time
• D) when the retiree's self-concept is dependent upon her job role and job status

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Definitions:

Federal Insurance Contributions Act

A U.S. law that mandates a payroll tax on the paychecks of employees, as well as contributions from employers, to fund the Social Security and Medicare programs.

Cumulative Gross Earnings

The total gross income earned by an individual or entity before any deductions over a given period.

State Tax Rate

The percentage at which individuals or businesses within a state are taxed by the state government.

FICA

The Federal Insurance Contributions Act; a U.S. law that requires a deduction from paychecks to fund Social Security and Medicare benefits.