Question

QUESTION 81 Which of the following statenents conceming the reduction of Social Security benefits is (are) correct? L Besides early retirement, there are two other situations in which beneficiaries can have their benefits reduced: through the retirement earnings limitations test and through taxation of benefits A person generally can continue to work even though he or she is considered "retired" under Social Security; however, those eamings for a person under normal retirement age must not exceed certain limitations. O 1 only 2 only Both 1 and 2. Neither 1 nor 2 QUESTION 82 Which of the following statements conceming a personal automobile policy's (PAP's) Part A coverage is (are) correct? L. Part A provides bodily injury and property damage liability protection to an insured that is legally responsible for an automobile accident .Part A provides payment for the reasonable and necessary medical expenses of an insured as a result of an automobile accident. O1 only. O 2 only O Both 1 and 2 Neither 1 nor 2

Answer 1

Question 81 - The correct answer is c - Both 1 and 2.

Statement 1 is correct because it applies to those people who at the time of their earnings are at the normal retirement age. Furthermore upto 85% of social security benefits can be taxable as income if their earnings are above the threshold limit.

Note: For question 82, please post it separately