Which of the following concerning the Social Security earnings test is correct? a. It applies only to workers between 62 and normal age retirement. b. It applies to all retirees receiving Social Security benefits. c. It taxes earned income at 25%. d. All of the above.

2. To qualify for Social Security Disability Income benefits, which of the following rules applies? a. The disability must be expected to last at least 12 months or result in death. b. The worker must meet the own occupation definition of disabled. c. The worker must have no other source of income. d. The disability must be physical, rather than cognitive.

3. To determine Social Security retirement benefit,the Social Security Administration considers the amount of money the worker earned over what time frame? a. The highest-earning 35 years. b. The most recent 25 years. c. The highest earning 25 years. d. The most recent 35 years.

4. If a worker has employment earnings after starting Social Security retirement benefits at full retirement age, which of the following is correct? a. The Social Security benefit will be reduced by a percent of the earnings. b. There is no reduction in Social Security benefits. c. Benefits are reduced if the earnings are in excess of the annual earnings limit. d. The worker will be ineligible to receive future Social Security benefits.

5. Jack and Diane are married. Upon Jacks death, and assuming they have been married long enough to qualify, which of the following Social Security benefits will Diane continue to receive? a. Both Jack and Dianes benefits. b. Just Dianes benefits. c. Both benefits for up to one year after the death, then the highest of the two. d. The higher of either benefit but not both.

6. How are Social Security retirement benefits taxed? a. Social Security benefits are not subject to income tax. They were already taxed. b. Based on the individual or couples MAGI and half of their Social Security benefits. c. Up to 100% of Social Security benefits can be subject to tax. d. Up to 50% of Social Security benefits can be subject to tax.

7. Mehul recently turned age 65 and enrolled Medicare. His spouse is age 62 and has never worked or paid Medicare taxes. Which of the following is true regarding Medicare for Mehuls spouse? a. Mehuls spouse will not qualify for Medicare due to never paying Medicare taxes. b. Mehuls spouse is currently eligible for Medicare. c. Mehuls spouse can currently enroll in Medicare, but must pay a premium for Part A. d. Mehuls spouse can enroll for Medicare at age 65.

8. Rochelle worked hard throughout her life and saved enough retirement assets to allow her to delay retirement under Social Security such that, rather than receiving the $2,200 PIA amount at her full retirement age, she was able to receive $2,904 due to delayed retirement credits. Rochelle died this year and her spouse, who has reached full retirement age and is receiving a benefit of $2,100 based on his own work record, would like to know the amount of Social Security he will now receive. Which of the following is the correct amount? a. $2,100. b. $2,200. c. $2,904. d. $5,004.

9. The Social Security tax on payroll is a matching tax, meaning that: a. The government matches the amount that each worker pays. b. Both workers and their employers pay the Social Security tax based on the workers earnings. c. The benefits workers receive are larger than the taxes paid. d. The benefits a worker will receive are proportional to the taxes paid.

10. Which of the following is an available combination of Medicare and Medigap insurance? a. Medicare Parts A, C, and Medigap. b. Medicare Parts C and D, and Medigap. c. Medicare Parts B, C, and D. d. Medicare Parts A, B, D, and Medigap