

Understanding Social Security
Interactive Video
•
Social Studies
•
9th - 10th Grade
•
Practice Problem
•
Hard
Jennifer Brown
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of Social Security?
To provide housing assistance
To offer free healthcare to all citizens
To provide financial benefits to retirees, disabled individuals, and survivors of deceased workers
To fund public education
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is Social Security funded?
Through property taxes
Through sales taxes
Through payroll taxes
Through income taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the amount you receive from Social Security when you retire?
Your total lifetime earnings
The number of dependents you have
Your 35 highest earning years
Your age at retirement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to understand Social Security early in your career?
To receive free financial advice
To qualify for government grants
To plan for a diversified retirement
To avoid paying taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a suggested strategy to ensure a stable retirement plan?
Invest in a diversified retirement plan including 401(k)s and IRAs
Save all earnings in a savings account
Invest only in real estate
Rely solely on Social Security
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