19
QuizMultiple Choice

Retirement Income — Quiz

Question 19 • Financial Math

What form of retirement income does the government provide?

Answer
A
Social Security benefits
B
personal savings accounts
C
employer-sponsored 401(k) plans
D
private pensions

Explanation

The government provides retirement income through Social Security, a public program funded mainly by payroll taxes. Personal savings, private pensions, and employer-sponsored 401(k) plans are arranged by individuals or private employers, not provided directly by the government. The correct choice is Social Security benefits.

AI-written and checked against the verified answer.

Previous
Next