Statements is correct regarding social security

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Which of the following statements is correct regarding Social Security?

a. Retirement benefits under Social Security are intended to provide at least a 50% wage replacement ratio for everyone except for the very highest earners.

b. Non-working spouses of retirees receiving Social Security benefits are entitled to a 50% benefit regardless of the non-working spouse’s age.

c. More than 35 percent of retirees rely on Social Security for more than 90% of their retirement income.

d. All employees in the United States are covered by Social Security and are required to contribute FICA taxes.

e. None of the above are true.

Reference no: EM131625180

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