Prior to the 1935 social security act what happened to people who became too old physically or mentality or both to work?

They lived with family if possible or if not became wards (dependents) of public charity. Unfortunately, if there was no family and no public charity homes they lived alone until they starved and died.

They lived in retirement homes or they lived with family

They lived with family or became wards (dependents) of public charity.

They lived with family if possible or lived in nursing homes (like people do today)

They lived in retirement homes or they lived with family or if neither was a possibility, they lived alone until they starved and died.

Which BEST describes how social security benefits work...

You and your employer pay a payroll tax. 6.2% each for a combined 12.4% payroll tax. If you are self-employed you would have to pay the full 12.4%. Then, that money is collected by the US government and used to pay current retirees their benefit checks.

You pay a payroll tax of 6.2% Then, that money is collected by the US government and used to pay you upon retirement.

You pay a payroll tax of 6.2% Then, that money is collected by the US government and used to pay current retirees their benefit checks.

Your employer pays a payroll tax of 6.2% Then, that money is collected by the US government and used to pay current retirees their benefit checks.

What retirement plan am I? I am through your employer. I used to be very popular, but I was more risk to the employer so I have been replaced by a plan that is less risk to the employer, but more risk to you.

Employer sponsored Pension Plan

What retirement plan am I? I was the only player in town for 100 years. Employees liked me because I offer a guarantee payout for LIFE...until you die! But I was replaced in the late 1970"s and really took over in the 1980's

Employer sponsored Pension Plan

In a ROTH IRA you can withdraw the PRINCIPAL amount at any time for any reason at any age, as long as...

The account has been established for 5 years

The account has been established for 10 years

You are at least 59.5 years of age

You have at least $10,000 in the account

You have at least $25,000 in the account

Jenny makes $15.90/hour on a 40 hour regular work shift. She contribute 3% to her 401(k) and her employer matches at 50% with a 4% limit. Which of the following is true about YEARLY contributions.

Jenny contributes: $992.16; Employer contributes: $496.08; Total: $1,488.24

Jenny contributes: $496.08; Employer contributes: $992.116; Total: $1,488.24

Jenny contributes: $992.16; Employer contributes: $ 1,322.88; Total: $2,315.04

Jenny contributes: $1,322.88; Employer contributes: $ 992.16; Total: $2,315.04

Jenny contributes: $1,322.88; Employer contributes: $661.44; Total: $1,984.32

Review For Retirement Test

Authored by Breanna Young

Mathematics

9th Grade

CCSS covered

Used 2+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

34 questions

Show all answers

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which is the BEST definition of retirement?

When you choose not to work because you are 65 years old

When you are too old to work--you have bad health or you physically unable to work anymore

When you are not allowed to work because you have reached the maximum age for that job.

When you choose to leave the workforce and live off of income or savings, not requiring active work

When you choose to leave the workforce of your full time job and work part time.

Approximately how long ago was the idea of retirement first becoming an idea for society ?

50 years ago

100 years ago

150 years ago

200 years ago

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

How much does it cost to retire?

At least 1 million in your retirement account

At least 1/2 million or $500,000 in your retirement account

Enough money to pay your current and future bills; live a life style of your personal choice

There is no dollar amount--you want to retire, just retire!

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Check ALL the boxes that are factors for planning for your retirement...what you should consider as to determine HOW MUCH money you will need for your retirement years...

Age you plan to retire

Life Expectancy Estimation

Projected cost of living (current and future bills)

Your plans for retirement--the life style you want to live...travel? retirement home at the beach? etc.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the STANDARD age of retirement

59.5 years old

60 years old

65 years old

70 years old

FILL IN THE BLANK QUESTION

30 sec • 5 pts

What year did Roosevelt sign the Social Security Trust Fund Act into law (originally)

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

There are 4 items used to calculate your social security benefits. What are they?

If you worked at least 35 years full time/40 credits; How much you made using your highest 10 years of salary; Inflation; Age you choose to receive benefits.

If you worked at least 20 years full time/10 credits; How much you made using your highest 35 years of salary; Inflation; Age you choose to receive benefits.

If you worked at least 10 years full time/40 credits; How much you made using your highest 35 years of salary; Wage Increase; Age you choose to receive benefits.

If you worked at least 10 years full time/20 credits; How much you made using your highest 10 years of salary; Inflation; Age you choose to receive benefits.

If you worked at least 35 years full time/40 credits; How much you made using your highest 35 years of salary; Inflation; Age you choose to receive benefits.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

32 questions

Simplifying Rational Expressions

Quiz

•

9th Grade

29 questions

Math Revision (2) Grade 6

Quiz

•

6th Grade - University

30 questions

Interpreting Quadratic Functions

Quiz

•

10th Grade

29 questions

Matrices

Quiz

•

11th - 12th Grade

29 questions

Law of Sines, Cosines and Area

Quiz

•

11th - 12th Grade

29 questions

Lesson on Basic Laws of Exponents

Quiz

•

9th - 10th Grade

29 questions

Law of Exponents Power to a Power

Quiz

•

9th - 10th Grade

30 questions

Friday Fun Session

Quiz

•

University

Popular Resources on Wayground

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

14 questions

Boundaries & Healthy Relationships

Lesson

•

6th - 8th Grade

13 questions

SMS Cafeteria Expectations Quiz

Quiz

•

6th - 8th Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

12 questions

SMS Restroom Expectations Quiz

Quiz

•

6th - 8th Grade

20 questions

Main Idea and Details

Quiz

•

5th Grade

10 questions

Pi Day Trivia!

Quiz

•

6th - 9th Grade

Discover more resources for Mathematics

10 questions

Pi Day Trivia!

Quiz

•

6th - 9th Grade

15 questions

Pi Day Trivia!

Quiz

•

9th Grade

15 questions

Pi Day Trivia

Quiz

•

9th - 12th Grade

20 questions

Graphing Inequalities on a Number Line

Quiz

•

6th - 9th Grade

10 questions

Exploring Basic Probability Concepts

Interactive video

•

6th - 10th Grade

15 questions

Algebra 1 EOC Review #1

Quiz

•

9th Grade

11 questions

Adding and Subtracting Polynomials

Quiz

•

9th Grade

27 questions

Pi Day!

Quiz

•

6th - 9th Grade

Review For Retirement Test

Which is the BEST definition of retirement?

Approximately how long ago was the idea of retirement first becoming an idea for society ?

How much does it cost to retire?

Check ALL the boxes that are factors for planning for your retirement...what you should consider as to determine HOW MUCH money you will need for your retirement years...

What is the STANDARD age of retirement

What year did Roosevelt sign the Social Security Trust Fund Act into law (originally)

There are 4 items used to calculate your social security benefits. What are they?

At what age can you receive social security benefits if your spouse passes away and you are eligible? only enter the number for age

What is the earliest you can receive social security benefits without having to qualify for exceptions. Enter the number for age only

At what age do you qualify for full benefits from social security? Enter the number for age only

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics