31.Which of the following is true about social security as a benefits program?
A.It does not cover unemployment insurance.
B.It is the only plan that requires no employee to meet any eligibility criteria.
C.It covers mostly employees of railroad and federal, state, and local government employees.
D.It does not require minimum earnings to be fully insured.
E.It is entirely free from federal tax.
32.Which of the following is true about the Old Age, Survivors, Disability, and Health Insurance (OASDHI) program?
A.Only about 50% of U.S. employees are covered by the program.
B.Federal, state, and local government employees account for a high percentage of employees covered under this program.
C.There are no eligibility requirements to be met by an individual to receive benefits.
D.Old-age insurance benefits for fully insured workers begin at the age of 50.
E.High earners help subsidize benefit payments to low earners.
33._____ increases are provided as part of social security benefits for each year that the consumer price index increases.
A.Unemployment benefits
B.Cost-of-living
C.Disability benefits
D.Tuition
E.Retirement plan
34.Which of the following is true about Social Security retirement benefits?
A.Benefits are subject to federal income tax.
B.An earnings test exists for those beneficiaries aged 50 and under.
C.Currently, an earnings test is required for those who have reached retirement age.
D.Benefits are entirely free from state income tax throughout the U.S.
E.An earnings test increases a person's incentive to retire.
35.Which of the following is a major objective of the unemployment insurance program?
A.To offset lost income during voluntary unemployment
B.To help those currently working to find new jobs in other fields
C.To provide an incentive for employees to stabilize employment
D.To make up for lost income during a labor dispute
E.To help employers find the right talent for reaching their business goals
36.The unemployment insurance program is financed largely through federal and state taxes on _____.
A.employees
B.employers
C.retired personnel
D.general public
E.employment agencies
37.Workers are eligible for unemployment benefits if they:
A.voluntarily quit their job.
B.are out of work due to a labor dispute.
C.were discharged for willful misconduct.
D.have worked for at least one year.
E.are not actively seeking work.
38.Which of the following individuals is eligible for unemployment benefits?
A.Mark was discharged for willful misconduct.
B.Ricky is not actively seeking out work.
C.Marvin quit his job voluntarily.
D.Jane is right out of college and looking to start her career.
E.Mel lost her job due to outsourcing.
39.Workers' compensation laws cover job-related _____.
A.pay raises
B.policy changes
C.quality linked incentives
D.injuries and death
E.tax benefits
40.Which of the following is a major category of workers' compensation?
A.Sustainability income
B.Death of spouse benefits
C.Rehabilitative services
D.Housing care
E.Pension services
