MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With-holdings from paychecks that go to provide income support for people who are unemployed, disabled, or over age 65
A
401k
B
Social Security
C
Medicare
D
Medicaid
Explanation: 

Detailed explanation-1: -You may qualify for monthly SSI payments if: you are 65 or older, blind or disabled; you are a U.S. citizen or lawful resident; and you have very limited income and financial resources.

Detailed explanation-2: -The Social Security Retirement benefit is a monthly check that replaces part of your income when you reduce your hours or stop working altogether. It may not replace all your income so it’s best to identify other ways to pay for your monthly expenses as you age. Learn how to apply.

Detailed explanation-3: -Generally, India’s social security schemes cover the following types of social insurances: Pension. Health Insurance and Medical Benefit. Disability Benefit.

Detailed explanation-4: -You can receive Social Security retirement benefits as early as age 62. However, we’ll reduce your benefit if you start receiving benefits before your full retirement age. For example, if you turn age 62 in 2023, your benefit would be about 30% lower than it would be at your full retirement age of 67.

There is 1 question to complete.