FHCE 3200 poverty management UPDATED
ACTUAL Exam Questions and CORECT
Answers
A cash payment made to someone who recently lost their job is called a(n):
a.Fringe Benefit.
b.Social Security.
c.Medicaid.
d.Unemployment insurance benefit. - CORRECT ANSWER d.Unemployment insurance
benefit.
All of the following are considered to be fringe benefits, except:
a.Vacation Pay.
b.Health Insurance.
c.Social Security Withholdings.
d.Access to a Retirement Plan. - CORRECT ANSWER c.Social Security Withholdings.
Money used to make transfer payments from the government to individuals comes from:
a.The Federal Reserve.
b.Taxes and Borrowing.
c.Revenue Generated from Oil and Gas Permits.
d.Interest Earned on the Social Security Trust Funds. - CORRECT ANSWER b.Taxes and
Borrowing.
Lionel recently lost his job at a local factory. Unfortunately, he has also been experiencing
several severe health challenges. The expenses associated with his medical issues have depleted
his savings. Which of the following governmental benefits could Lionel apply to for help with
his medical expenses?
a.Medicare.
, b.Social Security.
c.Sick and Casualty Coverage.
d.Medicaid. - CORRECT ANSWER d.Medicaid.
Someone who qualifies for Medicaid may also be eligible for:
a.Supplemental Nutrition Assistance Program Benefits.
b.Temporary Assistance for Needy Families Benefits.
c.Refundable Tax Credits.
d.All of the Above. - CORRECT ANSWER d.All of the Above.
All of the following are related to a person's current income, except:
a.Social Security benefits.
b.Temporary Assistance for Needy Families.
c.Supplemental Nutrition Assistance Program.
d.Education Grants and Loan Subsidies. - CORRECT ANSWER d.Education Grants and
Loan Subsidies
Nearly every working adult living in the United States contributes to the Social Security system.
How can someone access Social Security benefits?
a.Be at least age 62 and retired.
b.Become permanently disabled.
c.Apply as soon as 40 credits have been achieved.
d.Both a and b. - CORRECT ANSWER d.Both a and b.
Linda earns $83,000 as an employee per year. How much will she pay this year in Social
Security taxes?
a.$6,349.50
b.$5,146.00
c.$1,203.50
ACTUAL Exam Questions and CORECT
Answers
A cash payment made to someone who recently lost their job is called a(n):
a.Fringe Benefit.
b.Social Security.
c.Medicaid.
d.Unemployment insurance benefit. - CORRECT ANSWER d.Unemployment insurance
benefit.
All of the following are considered to be fringe benefits, except:
a.Vacation Pay.
b.Health Insurance.
c.Social Security Withholdings.
d.Access to a Retirement Plan. - CORRECT ANSWER c.Social Security Withholdings.
Money used to make transfer payments from the government to individuals comes from:
a.The Federal Reserve.
b.Taxes and Borrowing.
c.Revenue Generated from Oil and Gas Permits.
d.Interest Earned on the Social Security Trust Funds. - CORRECT ANSWER b.Taxes and
Borrowing.
Lionel recently lost his job at a local factory. Unfortunately, he has also been experiencing
several severe health challenges. The expenses associated with his medical issues have depleted
his savings. Which of the following governmental benefits could Lionel apply to for help with
his medical expenses?
a.Medicare.
, b.Social Security.
c.Sick and Casualty Coverage.
d.Medicaid. - CORRECT ANSWER d.Medicaid.
Someone who qualifies for Medicaid may also be eligible for:
a.Supplemental Nutrition Assistance Program Benefits.
b.Temporary Assistance for Needy Families Benefits.
c.Refundable Tax Credits.
d.All of the Above. - CORRECT ANSWER d.All of the Above.
All of the following are related to a person's current income, except:
a.Social Security benefits.
b.Temporary Assistance for Needy Families.
c.Supplemental Nutrition Assistance Program.
d.Education Grants and Loan Subsidies. - CORRECT ANSWER d.Education Grants and
Loan Subsidies
Nearly every working adult living in the United States contributes to the Social Security system.
How can someone access Social Security benefits?
a.Be at least age 62 and retired.
b.Become permanently disabled.
c.Apply as soon as 40 credits have been achieved.
d.Both a and b. - CORRECT ANSWER d.Both a and b.
Linda earns $83,000 as an employee per year. How much will she pay this year in Social
Security taxes?
a.$6,349.50
b.$5,146.00
c.$1,203.50
