Social Security
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the maximum amount of earnings subject to the Social Security tax?
$128,400
$137,700
$142,800
$150,000
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following factors can affect the amount of Social Security benefits you receive?
Your earnings history
The age at which you start receiving benefits
Cost-of-living adjustments
All of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What role do government social programs play in Economic Security?
They decrease the need for personal savings
They eliminate the risk of unemployment
They provide a safety net for individuals during periods of economic instability
They guarantee everyone will have a high income
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of Social Security retirement benefits?
To replace your salary after retirement
To be your sole income after retirement
To supplement your retirement income
To provide financial assistance during your working years
5.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Who qualifies for Social Security retirement benefits?
Anyone who has worked for 10 years or more
Only those who have paid Social Security taxes
Only those who have reached the age of 62
Only those who have become disabled before the age of 62
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When can you start collecting Social Security retirement benefits?
At the age of 62
At the age of 70
After working for 10 years
After reaching the maximum monthly benefit
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens if you wait until the age of 70 to collect Social Security retirement benefits?
You will receive your maximum monthly benefit
You will not be eligible for any benefits
You will receive a reduced monthly benefit
You will receive a lump sum payment
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