Podcast
Questions and Answers
Which of the following is NOT a benefit provided by Social Security (OASDI)?
Which of the following is NOT a benefit provided by Social Security (OASDI)?
- Disability benefit
- Survivor benefit
- Retirement benefit
- Healthcare benefit (correct)
What percentage of an employee's wages is set aside for Social Security payroll taxes?
What percentage of an employee's wages is set aside for Social Security payroll taxes?
- 3.1%
- 6.2% (correct)
- 9.3%
- 12.4%
At what age can you retire early and take a reduced benefit?
At what age can you retire early and take a reduced benefit?
- 62 (correct)
- 67
- 70
- 65
Which of the following is true about taking an early Social Security benefit and continuing to work?
Which of the following is true about taking an early Social Security benefit and continuing to work?
What was the cost-of-living adjustment for Social Security in 2021?
What was the cost-of-living adjustment for Social Security in 2021?
How does the spousal benefit work?
How does the spousal benefit work?
Which of the following is true about the Social Security benefit calculation?
Which of the following is true about the Social Security benefit calculation?
What is the full retirement age for individuals born in 1960 or later?
What is the full retirement age for individuals born in 1960 or later?
What percentage of an employee's wages is set aside for Social Security payroll taxes?
What percentage of an employee's wages is set aside for Social Security payroll taxes?
Which of the following is true about the cost-of-living adjustments for Social Security?
Which of the following is true about the cost-of-living adjustments for Social Security?
What is the spousal benefit rule for Social Security?
What is the spousal benefit rule for Social Security?
What happens to the spousal benefit if one spouse dies?
What happens to the spousal benefit if one spouse dies?
Flashcards are hidden until you start studying
