17. Describe why Social Security is considered a retirement account?
help

Answers

Answer 1
Answer:

because it provides monetary assistance to people with inadequate or no income and it provides benefits to retired people and those who are unemployed or disabled

I hope this helps


Related Questions

According to the Truth in Lending Act, which of the following is the bank NOT obligated to inform you of? A.APY B.Interest calculating method C.APR D.Annual fee amount
Select the true statement(s) about entrepreneurs.Entrepreneurs usually wind up making a lot of money. A small 4 owner may be an entrepreneur and a producer. Entrepreneurs believe they can make a profit from their invention. Entrepreneurs usually work longer hours than most people.
_____ refers to searching and capturing new ideas that lead to business opportunities. Opportunity charging Entrepreneurial alertness Opportunity recognition Opportunity encryption
Match each scenario with the economic concept it describes.A.)dumping B.)tariff C.)quota ___________________________________________ 1.)To protect its plastic industry from foreign competition, country A raises taxes on plastic imports. 2.)Country A decides that it will allow only 500,000 tons of rice to be imported per year so demand for local produce doesn’t fall too much. 3.)Because of subsidization and improving technologies, country A is able to grow large quantities of corn. It exports corn to country B at prices below normal value.
A geologist digs two soil pits to investigate the soil profile in an area. The pits are separated by 500 meters. A geologic map indicates that the bedrock in the two areas is the same. In Pit A, the soil layer is much thicker than in Pit B. What most likely accounts for this difference?

Internal control is a process designed to ensurereliable financial reporting.
effective and efficient operations.
compliance with applicable laws and regulations.
Internal control is designed to ensure all of the items described in the answers.

Answers

Answer:

Internal Control is designed to ensure all of the items described in the answer.

Explanation:

Internal control refers to the control measures adopted by an entity so as to ensure compliance with legal framework, check frauds and errors and for reliable financial reporting.

Compliance procedures are the processes designed to check whether internal controls exist in an organization and if they do, whether such controls are operating effectively.

For e.g biometric authentication with regard to attendance keeps a check on the number of employees actually working during a period and eliminates the possibility of dummy names in the attendance records. This is an example of internal control i.e control measures created by organization itself.

Final answer:

Internal control in a business context refers to the procedures set in place to ensure reliable financial reporting, efficient operations, and compliance with laws and regulations. These controls help in the smooth running of the business, providing accurate financial information, and abiding by legal requirements.

Explanation:

Internal control is a crucial concept in the domain of accounting and business. It refers to the procedures and methods implemented by a company to ensure the achievement of its objectives, which include - reliable financial reporting, efficient and effective operations, and compliance with relevant laws and regulations.

The procedures for reliable financial reporting involve making sure that financial records are accurate and complete. This is important for both internal decision-making and for providing trustworthy information to investors, creditors, and regulators.

Efficient and effective operations refer to the smooth running of the business without wastage of resources, while maximizing profits. Finally, compliance with laws and regulations refers to abiding by the legal and regulatory requirements imposed by government bodies and agencies on businesses.

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Providing a monthly security check to the elderly is most closely associated with wich goal ? 1) Economic Security
2) Economic Freedom
3) Price Stability
4) Economic Efficiency

Answers

Answer: 1) Economic security

Explanation: Economic security may be explained as a financial or economic concept of attaining a secure, stable or contingency financial source or income geared at ensuring that an individual has the continued capability of maintaining a certain cost or financial standard presently and in years to come. Economic security may occur in terms of personal or workplace strategies or social benefits provided by the government. Economic security is of paramount importance because individuals are prone to suffer from income instability at one point or the other due to job loss, retirement due to age and other causes.

Part of economic security is the social incentives provided by the government to the elderly, incapacitated and those who suffer job loss. This is to aid and support them in maintaining their living standard.

An effective team would never have ______.

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An effective team would never have only one person do the work.

An effective team would work together as one to strive for their goal.

Which economist theorized that depression will occur when the economic cycle is broken?a. adam smith
b. jules dupuit
c. alfred marshall
d. john maynard keynes

Answers

D. John Maynard Keynes

The answer is on multiple websites, I'm not so sure you actually need Brainly for this one.

A student has some $1 bills and $5 bills in his wallet. He has a total of 16 bills that are worth $44. How much of each type of bill does he have?

Answers

Answer:

Explanation:

Student has X amount of $1 bills and Y amount of $5 bills. At the same time, it is equal to $44 and 16 in terms of quantity. We can make an equation:

$1*X + $5*Y= $44 AND X+Y=16 ⇒ X=16-Y

16-Y+5Y=44

16+4Y=44

4Y=28

Y=7

X=16-Y=16-7=9

So, 9 bills of $1 and 7 bills of $5

Which of the following is an example of long-term debt?a. Car maintenance
b. Property taxes
c. Credit card balance
d. Home equity loan

Answers

Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.