ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social Security
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Abilities
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Medicare
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Taxes
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Detailed explanation-1: -Social Security is a program run by the federal government. The program works by using taxes paid into a trust fund to provide benefits to people who are eligible. You’ll need a Social Security number when you apply for a job. Find how to apply for a Social Security number or to replace your Social Security card.
Detailed explanation-2: -In the social security policysystem, social insurance isthe main pillar, which’s functions are minimizing risks, support to people in compensating or partially replacing for their income when they have to face the risks (illness, losing job or working capacity), reducing pressure on the social assistance system.
Detailed explanation-3: -Originally, the Social Security Act of 1935 was named the Economic Security Act, but this title was changed during Congressional consideration of the bill.
Detailed explanation-4: -Public health insurance. Social Security. Public Unemployment Insurance. Public auto insurance. Universal parental leave.