ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Profits from business
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Dividends and interest
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Rents
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Salaries, wages, and tips
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Detailed explanation-1: -Social Security benefits are the primary source of lifetime income for many of today’s retirees. Although you can start receiving Social Security benefits as early as age 62, or defer your benefits until age 70, the monthly payment amount you receive varies based on your retirement age.
Detailed explanation-2: -1) he/she has not started earning; and (2) not yet married. In case of disability, child or the guardian is required to produce the certificate in every 5 years to the effect that he/she continues to suffer from the disability.
Detailed explanation-3: -For many people, retirement funding does not rely on a single source of income. Instead, their cash flow comes from a combination of sources, which may include a pension, Social Security benefits, an inheritance, real estate, or other income-generating investments.