The attachment has 10 multiple choice questions related to finance.

Q1 All of the following statements concerning the Social Security system are correct EXCEPT: A. The Social Security retirement benefit is payable at normal retirement age with reduced benefits available as early as age 59, to anyone who has obtained at least a minimum amount of Social Security benefits. B. Disability benefit recipients must have a severe physical or mental impairment that is expected to either prevent them from performing \"substantial\" work for at least a year, or result in death. C. The family benefit is provided to certain family members of workers eligible for retirement or disability benefits. D. To qualify for retirement benefits, a worker must be \"fully insured,' which means that a worker has earned a certain number of quarters of coverage under the Social Security system. Q2 Which of the following statements concerning the Social Security system is (are) correct? 1 Workers entitled to retirement benefits can currently take early retirement benefits as early as age 59 . 2 The worker who takes early retirement benefits will receive a reduced benefit because he or she will receive more monthly benefit payments, as payments commence earlier than if the worker had waited and retired at full retirement age. A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2 Q3 Which of the following statements concerning the reduction of Social Security benefits is (are) correct? 1 Besides early retirement, there are two other situations in which beneficiaries can have their benefits reduced: through the retirement earnings limitations test and through taxation of benefits. 2 A person generally can continue to work even though he or she is considered \"retired\" under Social Security; however, those earnings for a person under normal retirement age must not exceed certain limitations. A. 1 only B. 2 only C. Both 1 and 2 D. Neither 1 nor 2 Q4 A client, age 78, is receiving only custodial care in a nursing home. Which of the following programs are likely to pay benefits towards the cost of the nursing home? 1 Medicare will pay for up to 100 days of care. 2 Long-term care insurance. 3 Private medical insurance may pay part. 4 Medicaid may pay if the client has income and assets below state thresholds. A. 1 and 3 B. 2 and 4 C. 1, 2, and 3 D. 1, 2, and 4 Q5 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: 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 Social Security retirement benefits on Chris' account. Q6 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? 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. Q7 Benjamin retired at age 62 and began to collect Social Security benefits. After a year of playing 3 rounds of golf a day, Ben is a bit bored and decides to go back to work part time. In 2013 (when Benjamin is age 63) he earns $25,120 at his part time job. His social security benefit before any adjustments for 2013 is $18,000. What will his actual Social Security benefit be for 2013? A. 10,000. B. 13,000. C. 14,667. D. 18,000. Q8 Quinton is fed up with his supervisor, Wally Binghampton, and decides his health would improve if he retires early. Quinton is 63 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? A. $1,000. B. $1,125. C. $1,200. D. $1,500. Q9 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? A. $0. B. $5,350. C. $9,000. D. $15,300. Q10 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 covered under Part A of Medicare EXCEPT: 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