10 MCQ on Social Security Administration

When was the Social Security Administration established? a. 1933 b. 1935 c. 1945 d. 1955 Answer: b. 1935

What is the primary purpose of the Social Security Administration? a. To provide healthcare to seniors b. To administer public housing programs c. To provide financial assistance to disabled individuals d. To administer retirement, survivors, and disability insurance programs Answer: d. To administer retirement, survivors, and disability insurance programs

What is the full retirement age for Social Security benefits? a. 62 b. 65 c. 67 d. It varies depending on birth year Answer: d. It varies depending on birth year

Which of the following is NOT a type of Social Security benefit? a. Retirement benefits b. Survivor benefits c. Disability benefits d. Education benefits Answer: d. Education benefits

What is the Social Security Administration's definition of "disability"? a. Inability to perform any job b. Inability to perform any job for which the individual is qualified c. Inability to perform any job in the individual's previous occupation d. Inability to perform any job for which the individual has training Answer: b. Inability to perform any job for which the individual is qualified

Which of the following is NOT a factor that affects Social Security benefits? a. Age at retirement b. Earnings history c. Number of children d. Marital status Answer: c. Number of children

How are Social Security benefits funded? a. By income taxes b. By payroll taxes c. By property taxes d. By sales taxes Answer: b. By payroll taxes

What is the maximum amount of Social Security retirement benefit that can be received in 2023? a. $2,961 per month b. $3,895 per month c. $6,386 per month d. There is no maximum Answer: a. $2,961 per month

Which of the following is a requirement to be eligible for Social Security disability benefits? a. The individual must be permanently disabled b. The individual must have a terminal illness c. The individual must have worked a certain number of years and paid into Social Security d. The individual must have been born with a disability Answer: c. The individual must have worked a certain number of years and paid into Social Security

What is the Supplemental Security Income (SSI) program? a. A program that provides financial assistance to low-income individuals who are aged, blind, or disabled b. A program that provides health insurance to seniors c. A program that provides retirement benefits to individuals who have not paid into Social Security d. A program that provides education benefits to veterans Answer: a. A program that provides financial assistance to low-income individuals who are aged, blind, or disabled