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04/08 - 04/09: Social Security

Quiz by Christopher Jones

High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives

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Measures 1 skill from
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives

130.180.F.12

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3 questions
Show answers
  • Q1
    True or False: Social security is a federally funded program used to pay those who retire from working or are too disabled to work.
    True
    False
    300s
    130.180.F.12
  • Q2
    How is social security like an IRA or a 401(k)?
    You can choose how much you contribute to either one and that determines how much you get back later.
    You pay money into both with the expectation of getting money back later when you need it.
    There is no relation between the two whatsoever.
    You don't have to pay taxes on the money you receive.
    300s
    130.180.F.12
  • Q3
    If Alice makes $3,000 per month at her civil engineering job, how much of that money will go towards paying for social security each month?
    $186.00
    $168.00
    $300.00
    $229.50
    300s
    130.180.F.12

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