Elderly citizens in the United States may rely on pensions, Social Security, personal savings, and / or wages to cover expenses during retirement. What percent of income of the elderly does Social Security represent? O More than 49%. 40% to 49%. 0 20% to 29%. 30% to 39%. Non-qualified deferred compensation plans often use life insurance for funding within the plan. Why is this? Life insurance is provides an additional layer of avoidance for constructive receipt Life insurance investment products typically have higher returns. Life insurance limits the liability of the company sponsor for the NQDC plan. Life insurance products have tax advantages. Brice, who is a senior at Midland High School, worked at PJs Coffee House from January to mid-February this year and earned $3,000. She was unemployed until December, when she was hired by MacyTMs. She earned $2,000 during December. How many quarters of coverage has Brice earned for Social Security during this year? O O O O Colin and Coleen are married and both turned 7012 this August. They have $2,000 of muni-bond interest,$34,000 of Social Security benefits, and $3000 of preferred stock dividends. Last year, none of their Social Security benefits were taxable. However, this year, $5,000 of their benefits were taxable. Why would the taxation change from last year to this year? O The annual limits on Social Security taxation change each year, which likely resulted in the benefits being subject to taxation. O Based on their income, the benefits should not be taxable. O They must have filed separate returns. If they had to take a minimum distribution of $20,000, then that would explain the taxation of the Social Security benefits Elderly citizens in the United States may rely on pensions, Social Security, personal savings, and / or wages to cover expenses during retirement. What percent of income of the elderly does Social Security represent? O More than 49%. 40% to 49%. 0 20% to 29%. 30% to 39%. Non-qualified deferred compensation plans often use life insurance for funding within the plan. Why is this? Life insurance is provides an additional layer of avoidance for constructive receipt Life insurance investment products typically have higher returns. Life insurance limits the liability of the company sponsor for the NQDC plan. Life insurance products have tax advantages. Brice, who is a senior at Midland High School, worked at PJs Coffee House from January to mid-February this year and earned $3,000. She was unemployed until December, when she was hired by MacyTMs. She earned $2,000 during December. How many quarters of coverage has Brice earned for Social Security during this year? O O O O Colin and Coleen are married and both turned 7012 this August. They have $2,000 of muni-bond interest,$34,000 of Social Security benefits, and $3000 of preferred stock dividends. Last year, none of their Social Security benefits were taxable. However, this year, $5,000 of their benefits were taxable. Why would the taxation change from last year to this year? O The annual limits on Social Security taxation change each year, which likely resulted in the benefits being subject to taxation. O Based on their income, the benefits should not be taxable. O They must have filed separate returns. If they had to take a minimum distribution of $20,000, then that would explain the taxation of the Social Security benefits