Question
1. Which of the following statements concerning Social Security benefits is (are) correct? Choice 1) If an individual receives retirement benefits based on his spouse's
1. Which of the following statements concerning Social Security benefits is (are) correct? Choice 1) If an individual receives retirement benefits based on his spouse's earnings record, his benefits will cease upon his divorce from her, unless he is 62 years of age or older or he was married to that spouse for at least 10 years. Choice 2) Widows and widowers will continue to receive survivors benefits upon remarriage of the widow or widower is 60 years of age or older.
Select one: a. 1 only. b. 2 only. c. Both 1 and 2. d. Neither 1 nor 2.
2. Chris died suddenly at the age of 42, leaving behind his wife, Robin (age 44) and his six year old son, Myles. Chris and Robin had been married for 15 years. All of the following statements concerning Social Security benefits available to the family are correct, EXCEPT:
Select one: a. Myles will be able to collect Social Security benefits on Chris' account until he reaches age 18. b. Robin will be able to collect Social Security benefits on Chris' account until Myles reaches the age of 18. c. Robin will receive a death benefit of $255. d. When Robin reaches age 60, assuming she does not remarry, she will be able to collect
3. In July and August of this year, Jordan worked full time at a local accounting firm. Jordan is a 19 year old accounting student attending a state university, and does not work during the rest of the year. Over the summer, Jordan earned a total of $9,500. How many quarters of coverage has Jordan attained for Social Security purposes based only on this year's earnings?
Select one: a. None, since she did not work a full calendar quarter. b. 1, the maximum she can earn in a 3 month period. c. 2. d. 4.
4. Quinton is fed up with his supervisor, Wally Binghampton, and decides his health would improve if he retires early. Quinton is 62 years old, and his normal Social Security retirement age is 66. If he retires today, and his normal age retirement PIA is $1,500, how much can Quinton expect to receive as a monthly retirement benefit?
Select one: a. $1,000. b. $1,125. c. $1,250. d. $1,500.
5. Bruce is single, retired, and received Social Security benefits of $18,000 this year. His other income consists of $15,000 from his former employer's pension plan; $10,000 in tax-exempt municipal bond interest; and $1,000 in dividends. How much of Bruce's Social Security Benefit will be subject to income tax?
Select one: a. $0. b. $5,350. c. $9,000.
6. Glen is 85 years old and is covered by Medicare part A and part B. While walking down the stairs at his home last week, Glen fell and broke his hip. All of the following medical expenses will be coveredunder Part A of Medicare EXCEPT:
Select one: a. Follow up visits to his primary care physician after Glen's recovery. b. Hospital room and meals for 5 days spent in the hospital. c. Medical and surgical expenses to treat his broken hip. d. Rehabilitation services in a skilled nursing facility for 10 days
7. Dean is 75 years old, and is covered by Medicare. In 2011 he had spinal fusion surgery to correct problems caused by three ruptured disks, and was transferred to a skilled nursing facility for rehabilitation after recovery in the hospital. If Dean remained in the skilled nursing facility for 30 days, how much will he have to pay as a coinsurance amount?
Select one: a. $0. b. $775. c. $1,415. d. $2,830.
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