XCEL Solutions - Social Security Review EXAM PREP 2024/2025
with 100% correct answers
Question:
Who is Covered
Answer:
Extends coverage to virtually every American who is employed or self- employed, with few
exceptions
Question:
How Benefits are Determined
Answer:
- A person must be insured under the Social Security program for survivors, disability, or
retirement benefits to pay
- Based on how long a covered worker has worked throughout his life
Question:
Insured Status
Answer:
- Establishes benefit eligibility based on an "insured" status
- Two types of insured status: 1) Fully Insured Status, and 2) Currently Insured Status
Question:
Fully Insured Status
Answer:
Covered worker must accrue a total of 40 quarters of credit, which is about 10 years of work
Question:
Currently Insured
Answer:
A worker must have earned 6 credits during the last 13 quarter period
with 100% correct answers
Question:
Who is Covered
Answer:
Extends coverage to virtually every American who is employed or self- employed, with few
exceptions
Question:
How Benefits are Determined
Answer:
- A person must be insured under the Social Security program for survivors, disability, or
retirement benefits to pay
- Based on how long a covered worker has worked throughout his life
Question:
Insured Status
Answer:
- Establishes benefit eligibility based on an "insured" status
- Two types of insured status: 1) Fully Insured Status, and 2) Currently Insured Status
Question:
Fully Insured Status
Answer:
Covered worker must accrue a total of 40 quarters of credit, which is about 10 years of work
Question:
Currently Insured
Answer:
A worker must have earned 6 credits during the last 13 quarter period
