Social Security
This quiz covers various aspects of Social Security, including its history, benefit types, eligibility requirements, taxation, and the Social Security Administration.
Questions
When was the Social Security Act signed into law?
- 1935
- 1940
- 1950
- 1960
What are the three main types of Social Security benefits?
- Retirement benefits, disability benefits, and survivors benefits
- Retirement benefits, unemployment benefits, and health insurance benefits
- Retirement benefits, disability benefits, and health insurance benefits
- Retirement benefits, unemployment benefits, and survivors benefits
What is the full retirement age for Social Security?
- 65
- 66
- 67
- 68
What is the minimum age for claiming Social Security retirement benefits?
- 60
- 62
- 64
- 66
What is the Social Security earnings limit for people who are receiving retirement benefits?
- $15,000
- $18,000
- $21,000
- $24,000
What is the Social Security disability benefit amount?
- $1,000 per month
- $1,500 per month
- $2,000 per month
- $2,500 per month
What is the Social Security survivors benefit amount?
- $1,000 per month
- $1,500 per month
- $2,000 per month
- $2,500 per month
What is the Social Security tax rate?
- 6.2%
- 7.65%
- 8.95%
- 10.25%
What is the Social Security wage base?
- $128,400
- $132,900
- $137,700
- $142,800
What is the Social Security Trust Fund?
- A fund that holds the money collected from Social Security taxes
- A fund that holds the money paid out in Social Security benefits
- A fund that holds the money collected from Social Security taxes and the money paid out in Social Security benefits
- A fund that holds the money collected from Social Security taxes and the money invested in Social Security bonds
What is the projected depletion date of the Social Security Trust Fund?
- 2033
- 2035
- 2037
- 2039
What are some of the proposed solutions to the Social Security Trust Fund's projected depletion?
- Raising the Social Security tax rate
- Increasing the Social Security wage base
- Raising the full retirement age
- All of the above
What is the Social Security Administration?
- The federal agency that administers the Social Security program
- The federal agency that administers the Medicare program
- The federal agency that administers the Medicaid program
- The federal agency that administers the Supplemental Security Income program
What is the Social Security website?
- www.ssa.gov
- www.medicare.gov
- www.medicaid.gov
- www.ssi.gov