Question : 31. Which of the following was not an amendment to the : 1250927

31. Which of the following was not an amendment to the Social Security Act of 1935? 
A. Survivor’s insurance
B. Disability insurance
C. Estate insurance
D. Hospital insurance

The Social Security Act of 1935 was amended to include survivor’s insurance (1939), disability insurance, hospital insurance and supplementary medical insurance.

32. What is the earliest age at which an eligible worker can retire and still receive his or her Social Security retirement benefits? 
A. 55
B. 60
C. 62
D. 65

Social Security retirement (old-age insurance) benefits for fully insured workers begin at age 65 years and 6 months (full benefits) or age 62 (at a permanent reduction in benefits) for those born in 1940.

33. _____ increases are provided as a part of social security benefits for each year that the consumer price index increases. 
A. Real estate
B. Cost-of-living
C. Healthcare
D. Cost of education

Cost-of-living increases are provided each year that the consumer price index increases.

34. Which of the following is not a true statement concerning Social Security retirement benefits? 
A. Benefits are free from federal income tax.
B. An earnings test exists for those beneficiaries aged 65 and under.
C. Eligibility rules must be met to receive benefits.
D. Benefits are free from state income tax in all states.

Benefits are entirely free from federal tax, however, the federal tax code has an earnings test for those who are still earning wages. Eligibility rules must be met to receive benefits.

35. Which one of the following is not a major objective of the unemployment insurance program? 
A. To offset lost income during involuntary unemployment
B. To preserve investments in worker skills by providing income during short-term layoffs
C. To provide an incentive for employers to stabilize employment
D. To offset lost income during a labor dispute

The 1935 Social Security Act has four major objectives: (1) to offset lost income during involuntary unemployment, (2) to help unemployed workers find new jobs, (3) to provide an incentive for employers to stabilize employment, and (4) to preserve investments in worker skills by providing income during short-term layoffs.

36. The unemployment insurance program is financed largely through federal and state taxes on 
A. employees and employers.
B. employers only.
C. employees only.
D. all taxpayers.

The unemployment insurance program is financed largely through federal and state taxes on employers.

37. Which of the following is not one of the major categories of workers’ compensation? 
A. Disability income
B. Death of spouse benefits
C. Medical care
D. Rehabilitative services

Workers’ compensation benefits fall into four major categories: (1) disability income, (2) medical care, (3) death benefits, and (4) rehabilitative services.

38. Workers are eligible for unemployment benefits if they 
A. voluntarily quit a job.
B. are out of work due to health reasons.
C. were discharged for cause.
D. have been working for at least one year.

Unemployed workers are eligible for benefits if they (1) have a prior attachment to the workforce (often 52 weeks or four quarters of work at a minimum level of pay)

39. Which one of the following is not true of workers’ compensation? 
A. Employees are covered under the “no-fault” provision regardless of their behavior.
B. Approximately 90 percent of all U.S. workers are covered by the system.
C. Benefits fall into four major categories: disability income, medical care, death benefits, and rehabilitative services.
D. Self-funding by employers is permitted in most states.

Workers’ compensation laws operate under a principle of no-fault liability, meaning that an employee does not need to establish gross negligence by the employer.

40. The workers’ compensation cost to an employer is based on all of the following except 
A. the type of occupation.
B. the employer’s profitability.
C. the state where work is located.
D. the employer’s experience rating.

The cost to the employer is based on three factors: the nature of the occupation and the risk attached, the state where work is located, and the employer’s experience rating.