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What is Retirement?

Authored by Kathy Williams

Business

11th Grade

What is Retirement?
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55 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the definition of retirement? Fill in the blank: Retirement is the action or fact of leaving one's job and ________ to work.

ceasing

continuing

returning

starting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the traditional retirement age in the United States?

60

62

65

66

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the full retirement age for Social Security benefits in the United States?

62

65

66

70

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Social Security?

A state program for education

A federal program in the United States that provides retirement, disability, and survivor benefits to eligible individuals.

A private insurance plan

A health care program

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Social Security is funded through _________.

payroll taxes

property taxes

sales taxes

inheritance taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Benefits from Social Security are based on an individual's earnings history and the age they choose to start receiving benefits.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does IRA stand for?

Individual Retirement Account

International Revenue Association

Investment Risk Assessment

Internal Revenue Agreement

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