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43. Social Security was established in a. 1902 b. 1919 c. 1935 d.1946 44. The official name of the Social Security program is _____. a.

43. Social Security was established in

a. 1902 b. 1919 c. 1935 d.1946

44. The official name of the Social Security program is _____.

a. Old Age, Survivors, Disability, and Health Insurance b. Old Age, Dependents, Survivors, and Disability Insurance c. Old Age, Dependents, Disability, and Health Insurance d. Seniors, Survivors, Dependents, and Health Insurance

45. The Social Security program is like a private pension plan in that _____. a. it is a pay-as-you-go system b. it is voluntary c. benefits are a function of earlier contributions d. you have a legal right to your benefits

46. Social Security is financed through _____.

a. an earmarked payroll tax b. an earmarked consumption tax c. an earmarked income tax d. general taxation

47. The tax on Social Security is statutorily paid _____.

  1. by individuals
  2. by employers
  3. two-thirds by individuals and one-third by employers
  4. half by individuals and half by employers

49. To be eligible for Social Security benefits, an individual must have worked for _____ quarters in a cover job.

  1. 30
  2. 40
  3. 50.
  4. 60.

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