What are the fundamental distinctions between social security and public assistance? Why is Medicare a kind of social insurance, whilst Medicaid is a form of public assistance? Why is the earned-income tax credit considered a kind of government assistance?

Q: Which of the following statements is not correct about Medicaid? Multiple Choice The Social Security…

A: Medicaid is a government-run health-care programme in the United States for low-income people.…

Q: A Discuss the retirement benefits offered by government for employees in detail. Explain in which…

A: The majority of the retirement benefits are made up of workers' leave encashment (employees can…

Q: Social security payable and medicare tax payable are classified as

A: Introduction: Balance sheet: All assets and liabilities are recorded in Balance sheet. Balance sheet…

Q: Which of the following U.S. programs has a cap on the amount of income that can be taxed? Question…

A: The social security tax is a type of tax that is charged by the U.S. government. this tax is for the…

Q: In what ways are pension benefits and post-retirement healthcare different?

A: This is about In what ways are pension benefits and post-retirement healthcare different

Q: What is the GASB standard for reporting expenditures from governmental funds for employee pension…

A: GASB stands for Government Accounting Standards Board, which is a non-governmental body that holds…

Q: Who pays the social security taxes that are levied by the Federal Insurance Contributions Act ?

A: Federal Insurance Contract Act (FICA) represents the payroll tax deducted from the employee's gross…

Q: What are the major differences between postretirementhealthcare benefits and pension benefits?

A: Both pension funds and post retirement healthcare benefits accrue to an employee after his/her…

Q: Social Security taxes are regressive because :they apply only to rich people.they are applied to…

A: Following is the reason social security taxes are regressive: Because .they are not applied to…

Q: Why is pension plan underfunding not a concern in your present employment?

A: Definition of pension plan: This is the plan devised by corporations to pay the employees an income…

Q: When it comes to postretirement healthcare benefits, what are the primary distinctions between them…

A: The answer:

Q: Why does the Social Security system face a crisis? Are there real assets in the Social Security…

A: Social security system is a mechanism which works on "pay-as-you-go" may face crisis when the inflow…

Q: Social Security and Medicare benefits are funded by: Multiple Choice FICA taxes Fringe benefits FUTA…

A: To solve the question fist we need to have basic knowledge of taxes and their application towards…

Q: Why should planning for retirement be a long-term goal that is affected by Social Security? Why…

A: Planning for retirement helps to find out the after retirement Income sources, goals and the ways to…

Q: What’s are the advantages and disadvantages of a single Payer system of a national health insurance…

A: Due to uncertain factors, risk arises. To reduce or manage the risk and possibility of arises of…

Q: If a person is not eligible for the health insurance premium tax credit because of

A: Tax is the charge which is charged on the taxable income of a taxpayer and each taxpayer wants to…

Q: what the pros and cons of replacing current in-kind transfers with cash payments. Why do we not…

A: In kind transfers refers to the assistance or aid or help made in kind form instead of cash payment…

Q: Explain and what is the calculation of the following. Tax rates (formula) HELP repayment amount…

A:

Q: What does the affordable care act do for those not insured?

A: Affordable Care Act is a comprehensive healthcare reform which has been introduced from March, 2010,…

Q: Public pension funds are those funds administered by

A: Public pension funds are the funds for accumulating savings for the retirement of government…

Q: The Federal Insurance Contributions Act (FICA) created the Social Security tax to fund the old-age,…

A: In US, it is mandatory to deduct the Social Security Tax from the salary or the paychecks of the…

Q: How to calculate taxable social security earnings?

A: Social security:   It is the protection that a society will provide towards individuals and…

Q: What is the tax rate range for Social Security benefits received? How is the deductible amount of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: When are liabilities recognized for the federal Social Security program? Select one: a. When…

A: The Social Security program provides protection against the loss of earnings due to retirement,…

Q: What are the major differences between post-retirement healthcare benefits and pension benefits?

A: For the benefits of pension, it is fixed with the contract terms and only the term is not known. And…

Q: If one tax is not eligible for the health insurance premium tax credit because of

A: Tax is the charge which is charged on the taxable income of a taxpayer and each taxpayer wants to…

Q: 1) What role does your employer play in payment of your FICA tax (social security & Medicare)?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: What are the problems of an insurance industry that are primarily regulated at the state level?

A: Insurance industry refers to the market where insurance companies play an active part in providing…

Q: What is the charitable contributions?

A: Introduction: Federal tax: Federal tax can be defined as the tax calculated on the taxable income of…

Q: What is a pension plan?

A:

Q: What government programs are available to cover long-term care expenditures in the United States?…

A: Introduction: Government expenditures: Government expenditure can be defined as the expenses…

Q: Social Security is a “pay-as-you-go” system. How

A: Social security refers to the protection which is provided by society to individuals or households…

Q: In what ways are pension plans and other post-retirement benefit programs different, and why

A: This question explains about  pension plans and other post-retirement benefit programs different,…

Q: Social Security System (SSS) contributions are required from the individuals who are employed in the…

A: Social Security System(SSS) provides death, funeral, maternity leave, permanent disability,…

Q: Government have been mandating deductions from both employers and employees to fund various social…

A: Employer and employee are mandated by the government to make contribution to various social programs…