The question is : Among the ways Social Security changes to meet changing conditions are:
A) benefits automatically increase with the cost of living and wages are indexed to reflect increases in wage levels over your working life
B) The wage base rises as wage levels rise, assuring new income into the trust funds without legislating changes in the tax rate.
C) Annual review by the Board of Trustees assures that any problems will be identified in time to take sufficient action.
D) All of the above.
2007-03-31 05:20:20 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
D is probably the right answer for your homework, but the answers are simplistic at best and misleading.
B implies there is no need for legislation to deal with the well recognized future shortfall.
C implies the Board is all wise, and that it actually has the power to correct problems.
If I was in your class I would probably argue that A is the only one close to being accurate.
2007-03-31 07:51:41 · answer #1 · answered by r_kav 4 · 2⤊ 0⤋
A and B are true, so I'd assume they're looking for D as the answer. If C is true, the Board of Trustees hasn't exactly been doing the greatest of jobs.
2007-03-31 12:28:03 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
D
2007-03-31 05:27:12 · answer #3 · answered by Rebecca A 4 · 0⤊ 0⤋