Which of the following regarding Social Security is not true? A. It is a mandatory retirement program. B. It is intended to replace 100% of income needed in retirement. C. Benefits are adjusted based on the age you retire. D. There is a maximum benefit that can be received.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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18 or both please

QUESTION 17
Which of the following is most true regarding retirement planning?
O A. You can expect public sources to fund most of your retirement needs.
O B. Ownership for retirement planning has shifted more from employers and government to individuals.
O C. You do not need to worry about funding your retirement from multiple sources.
O D. Retirement planning should be delayed until you are at least 30 years old or own your own home.
QUESTION 18
Which of the following regarding Social Security is not true?
O A. It is a mandatory retirement program.
O B. It is intended to replace 100% of income needed in retirement.
O C. Benefits are adjusted based on the age you retire.
O D. There is a maximum benefit that can be received.
Transcribed Image Text:QUESTION 17 Which of the following is most true regarding retirement planning? O A. You can expect public sources to fund most of your retirement needs. O B. Ownership for retirement planning has shifted more from employers and government to individuals. O C. You do not need to worry about funding your retirement from multiple sources. O D. Retirement planning should be delayed until you are at least 30 years old or own your own home. QUESTION 18 Which of the following regarding Social Security is not true? O A. It is a mandatory retirement program. O B. It is intended to replace 100% of income needed in retirement. O C. Benefits are adjusted based on the age you retire. O D. There is a maximum benefit that can be received.
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