Which of the following statements is true regarding Social Security retirement benefits?

Question

Quizplus · Accepted Answer

A)This is true, as Social Security retirement benefits are calculated based on your average earnings over your 35 highest-earning years and are designed to replace about 40% of the average retiree's pre-retirement income.
B)This is also true, some public employees, such as teachers and certain state and local government employees, may not be covered by Social Security and may have their own retirement plan instead.
C)This is true, as Social Security benefits may be taxable if your combined income exceeds certain thresholds.
D)This is true, but if you choose to retire at age 62, your benefits will be permanently reduced compared to if you waited until full retirement age (which varies between 66 and 67, depending on your birth year).

Which of the Following Statements Is True Regarding Social Security