Which of the following is true of social security and Medicare?

a. Eligibility requirements make sure that all social security beneficiaries have an absolute economic need for the benefit. b. Spending on Medicare and social security exceeds the total of all spending of public assistance programs. c. Most retirees receive less in social security benefits than they contributed in payroll taxes while working. d. Social security income is decided as follows: the lower your income while working, the larger your social security benefit upon retirement. e. Families in the top fifth of the income population receive more in social security and Medicare benefits than the government spends in total on TANF, SSI, food stamps, and housing subsidies for the poor.

My answer is A .

Eliminate the ones with too much generalization; then let us know what you think.

The correct answer is C. Most retirees receive less in social security benefits than they contributed in payroll taxes while working.

To determine which of the options is true, let's examine each one individually:

a. Eligibility requirements make sure that all social security beneficiaries have an absolute economic need for the benefit.

To validate this statement, you would need to research the eligibility requirements for social security benefits. These requirements typically include factors such as reaching a certain age and having contributed a minimum number of years to the social security system. However, economic need is not typically a criterion for eligibility. Therefore, option A is not correct.

b. Spending on Medicare and social security exceeds the total of all spending of public assistance programs.

To check the accuracy of this statement, you would need to compare the annual spending on Medicare and social security with the total spending on public assistance programs. This information can be obtained from official government reports or reputable sources that provide data on government expenditure. If the spending on Medicare and social security is higher than the total spending on public assistance programs, then option B is true.

c. Most retirees receive less in social security benefits than they contributed in payroll taxes while working.

To verify this statement, you would need to examine data regarding social security benefits and payroll taxes. Comparing the contributions made by retirees during their working years to the benefits they receive in retirement can help determine if option C is accurate.

d. Social security income is decided as follows: the lower your income while working, the larger your social security benefit upon retirement.

To assess the accuracy of this statement, you would need to familiarize yourself with the calculations and formulas used to determine social security benefits. Understanding how income levels while working relate to the social security benefit amount can help determine if option D is true.

e. Families in the top fifth of the income population receive more in social security and Medicare benefits than the government spends in total on TANF, SSI, food stamps, and housing subsidies for the poor.

To determine if this statement is true, you would need to compare the amount of social security and Medicare benefits received by families in the top fifth of the income population with the total government spending on various public assistance programs, including TANF, SSI, food stamps, and housing subsidies for the poor. Gathering data on benefit amounts and government spending will help validate whether option E is correct.

By conducting research and gathering relevant data, you will be able to determine which of the statements is true.