BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social security is the tax that pays for medical insurance for older adults.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -needs-based program funded by the U.S. Treasury general fund to provide payments to people with limited income and resources who are age 65 or older, blind, or disabled.
Detailed explanation-2: -The monthly maximum Federal amounts for 2023 are $914 for an eligible individual, $1, 371 for an eligible individual with an eligible spouse, and $458 for an essential person.
Detailed explanation-3: -Its fundamental purpose is to give individuals and families the confidence that their level of living and quality of life will not, insofar as is possible, be greatly eroded by any social or economic eventuality.
There is 1 question to complete.