Chapter 8 Social Security

Which of these is NOT a source of funding for social security benefits? Self employed individuals Employees Federal Government Employers

Federal Government

What is Old Age and Survivors Health Insurance (OASDHI) also known as?

Social Security

Q is severely injured in an automobile accident and becomes totally disabled. How many months must Q be disabled before being able to apply for Social Security disability benefits?

5

Which of the following does Social Security NOT provide benefits for? Survivorship Dismemberment Disability Retirement

Dismemberment

What determines the full amount of Social Security retirement benefits a qualified individual is entitled to receive? Primary Insurance Amount (PIA) Total Taxes paid into FICA Number of dependents State of residence

Primary Insurance Amount The primary insurance Amount determines the full amount of retirement benefits for an eligible person

All of these are considered to be a benefit under Social Security, Except for: survivorship unemployment disability retirement

Unemployment

To be eligible for Social Security disability benefits, an employee must be unable to perform: -any occupation -his/her current occupation -any occupation that reflects the employee's education level -any occupation that the employee is qualified and will to do

any occupation

The amount of monthly disability benefits payable under social security is affected by which of the following factors? Insured's tax bracket Amount of the benefits available from other sources nature of disability insured's education level

Amount of the benefits available from other sources The amount of the benefits available from other sources affects the amount of monthly disability benefits payable under social security.