The System Used for the Social Security Program Is Called

question 94

Multiple Choice

The system used for the social security program is called:

• A) a Roth IRA
• B) a 401(k)
• C) a mutual fund
• D) pay-as-you-go
• E) fully funded

---

Definitions:

Certified Public Accountant (CPA)

A professional designation given to accountants who pass a licensing examination and meet other state requirements.

American Institute of Certified Public Accountants (AICPA)

A national professional organization for Certified Public Accountants (CPAs) in the United States, setting ethical standards and auditing procedures.

Professional Examination

A test that evaluates an individual's knowledge, skills, and competencies in a particular profession, often required for certification.

Perform Audits

The process of examining an organization's financial records to ensure accuracy and compliance with accounting standards and laws.