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Please answer correct explain plz asap 5 .6. 7 both are questions The replacement rate for Social Security retirement benefits is defined as O the
Please answer correct explain plz asap 5 .6. 7 both are questions
The replacement rate for Social Security retirement benefits is defined as O the rate at which people who retire are replaced by working individuals in the population. O the fraction of pre-retirement earnings paid out in Social Security benefits. O how quickly retirement benefits paid out to Social Security beneficiaries are replaced by tax revenues raised by the government. O the fraction of retirees who receive Social Security benefits. Question 6 If you delay claiming Social Security benefits until after your full retirement age (FRA), the amount you receive in Social Security benefits each month will be lower. O True O False Question 7 Social Security's "earnings test" O is a determination of whether an individual's AIME was high enough for that individual to be eligible for retirement benefits. O reduces the benefits Social Security claimants younger than the full retirement age receive when their earnings are above a certain threshold. O is the screening to which spouses and children of Social Security claimants are subject in order to ascertain their eligibility for supplemental benefits. O is the evaluation of whether the present discounted value of taxes paid into the Social Security system are greater or less than the present discounted value of benefits received under the systemStep by Step Solution
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