Under FICA rules, employers were required to make a matching contribution. d. worked in integrated CCC camps. -men benefitted more than women due to gendered labor roles, Difference between Official vs. Supplementary, Information Technology Project Management: Providing Measurable Organizational Value, Applied Calculus for the Managerial, Life, and Social Sciences, Operations Management: Sustainability and Supply Chain Management, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Patho II - Spring 2017 -- POST TEST RA, OA an. Note: The numbers displayed, with the exception of average monthly benefits, should be multiplied by 1,000 (for instance, 50,000 would mean 50,000,000). Nov 21, 2022, 2:52 PM UTC adguard raspberry pi zero silxa escorts pageants for 26 year olds pto shaft clutch adjustment retrofit keyless entry mercedes from aboard the night train act answers. There were also about 6.8 million beneficiaries who fell under a category called "Other," which encompassed early retirees and those receiving survivor benefits (who were under age 65).[12]. Very few retired Americans had a guaranteed income. The Act created several programs that, even today, form the basis for the governments role in providing income security, specifically, the old-age insurance, unemployment insurance, and Aid to Families with Dependent Children ( AFDC ) programs. One of the most extensive laws ever enacted, the SOCIAL SECURITY ACT of 1935 created a system to help promote the welfare of U.S. citizens. &14.&\text{Paid Taco Co. for invoice of October 4, less debit memo of October 6 and In 2002, the average yearly cost to cover an elderly beneficiary was $6,002, but the average yearly cost to cover a person with serious kidney disease was $41,696.[39]. How to Market Your Business with Webinars. They are designed to screen out unnecessary and inappropriate care. Title XIX established Medicaid, which provided public health coverage to poor families receiving Aid to Families with Dependent Children (AFDC). act created two categories of welfare: contributory and noncontributory, working americans contribute a percentage of their wages from which they receive cash benefits after retirement, form of national health insurance for the elderly and the disabled, funded by a combination of federal and state taxes, states set criteria for eligibility, financed by taxation or other mandatory contribution by their present or future recipients "forced savings", provide assistance to people based on demonstrated need rather than any contribution they have made "public assistance or welfare", which provided federal funds administered by the states for children with parents or relatives fell below state standards of need, a federal and state funded and state operated program that provides extended medical services to low income americans, 4. On July 1, the market price of the stock was 16pershare.16 per share.16pershare. What would happen if Social Security was abolished? Title III of the SSA authorizes the federal government to give states grants to administer their unemployment insurance programs. Which of the following would not be an activity for a social worker engaged in advocacy work? Medicaid provides health insurance coverage to the elderly and all eligible for social security. f. Fees Earned. New Deal programs. According to the Social Security Administration, there were nearly 60 million Social Security beneficiaries as of June 2015. How does the Social Security Act still work? Higher historical earnings will equal higher Social Security payments, while lower earnings equal lower payments. Spending from Social Security benefits stimulates economic activity, and the businesses and workers who benefit from this spending pay federal, state, and local taxes on their receipts and earnings. Considering power imbalances is critical when looking for injustices. DI (opposition because there was fear that it would reduce the incentive to work), Prior to 1996, ___ was considered an appropriate basis for receiving disability benefits under DI, only the __ and __ have access to public health insurance in America, Part A is hospital insurance, part B is optional coverage for physician services, Part C is Medicare advantage, Part D provides coverage for prescription medications, With Obamacare, the Trustees projected the Hospital Insurance Trust Fund will be ale to play its bills until __, 2030 (but this changed to 2028 in the 2016 report), Beneficiaries save money on prescription drugs and slowed the annual growth in per-enrollee expenditures, 94% of workers and is an income source for 9 out of 10 older Americans, raising payroll taxes, eliminating the wage cap, investing the trust fund for greater return, increasing the retirement age, and reducing benefits. Public Assistance (welfare) Paid out of general tax revenues, requires a "mean test", has a high amount of stigma. In a report published in November 2015, the Social Security Administration reported that there were about 65 million beneficiaries in the United States. __ was the first nation that experimented with privatization in 1981. Under todays Social Security Act, the SSA still manages the program, workers still make contributions from their paychecks, and monthly payments are still made to those who are eligible for the following benefits. \text{Total assets } & \text{\$117,100}\\ 4 How did the Social Security Act affect the economy? The development of skills that reflects a true understanding of diversity and the ability to practice with diverse individuals is known as: Which of the following practices is not used by social workers to gain cultural competence in their practice with diverse social groups: The Latino population is expected to double over the next 50 years. Why was the Social Security Act of 1935 so important? Which of the following stages of development is marked by the development of attachment relationships as seen in children's recognition and interaction with their primary caregivers and other significant people in their lives? Increased retirement ages 4. During the year, the following transactions occurred. 4 What was the impact of the Social Security Act? Unlike the opposition mentioned above, some of the opponents of expansion argued against the socialization of the American healthcare system. Massachusetts, on the other hand, paid 30 weeks of benefits and Montana paid 28 weeks of benefits. The calculation used to determine final payments for beneficiaries follows a three step process: If an individual does not have 35 years of earnings to report for Social Security purposes, zeroes are substituted in for any missing earnings. PaidCaesarSaladCo.forinvoiceofOctober20,lessdiscount. Federal Insurance Contributions Act; tax levied on both employers and employees to pay for Social Security (12.4%) and medicare (2.9%), in 1935, 55.8 for male, 58.7 for female (most people didn't reach 65 to even get SS); in 2017, 76.1 for male, 81.1 for female (everybody lives to need SS now), In 1935, $30 max or 1% of income; In 2019, $10, 167 max or 7.65% of income, In 1935, $22 single/$36 married, total country paid $1,258,000; In 2019, $1461 single/$2340 married, total country paid $996,600,000,000, Age requirement is 66 but it is slowly getting higher because of an aging population (in 2021, it will increase to 66.5 years), 10 years total (at lest the last 5 years continuously); exempted for refugees and women whose husband is a resident that dies only needs 2 years residency, Income (means) test required, asset reductions and cutoff, funded by general taxes (higher stigma), a voluntary individual retirement account (supplementary), You can choose 3%, 4%, or 8% and employer does 3%, conservative (invest in bonds and cash making it safe); balanced; growth (high yield investment, more risk), compulsory saving fund (mandatory for citizens), Central provident fund - how much is contributed, Central Provident Fund - 3 types of funds, 1. ordinary account (housing, investments, education); 2. special account (old age, retirement); 3. Social security fairness act 2021 update https www playstation com acct device password bose wave soundtouch for sale. The statements raised public awareness of how the program operates, achieved when benefits drawn are based on contributions paid (when individuals receive a return that is proportional to their investment in the program), benefits should be sufficient to maintain a decent standard of living, regardless of individual contributions (in other words, it is the guarantee of a modest income in old age), average indexed monthly earnings (the purpose is to achieve equity so benefits are computed on the basis of contributions; to be eligible to draw SS benefits, an individual must have worked in covered employment for at least 10 years), proportion of earnings that you receive in retirement, When created, two social insurance programs felt they should be enacted immediately, 1. unemployment insurance 2. old-age insurance, state unemployment tax rates vary depending on each firm's use of unemployment compensation during previous years (firms that have had high rates of unemployment pay higher payroll taxes than those with lower rates). b. tariff crisis. Instructions Superior uses process costing and had the following unit production information available for the months of June and July: In June, the lamps in beginning work in process were approximately 80 percent complete, while those in ending work in process were only 30 percent complete. FICA, or the Federal Insurance Contributions Act, affects all employee paychecks and collects funds that are distributed into two federal programs: Social Security and Medicare. Which of the following does not represent institutional services: Which of the following provisions were not a part of the Social Security Act of 1935? The Medicare insurance program followed a fee-for-service model in which the government reimbursed hospitals and doctors for the "usual, customary, and reasonable" fees they charged for each service and did not manage any hospitals or provider networks. On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, aid for dependent mothers and children, the blind, and the physically handicapped. If you continue to use this site we will assume that you are happy with it. Franklin Roosevelt wanted citizens to have money available if they became unable to work anymore or not start work at all because of an unforeseen event in their life. Which of the following is a reason for social workers to become involved in community practice? An employer that receives the full 5.4% FUTA credit, therefore, pays 0.6% of the first $7,000 of an employee's wages, or $42, in FUTA tax per qualifying employee. The Medicare law consisted of Part A and Part B. \text{Retained earnings, March 31, 2011 } & \text{\$21,500 }\\ 79 Stat. Compute Sparrows net working capital. [21][24], The following table identifies the maximum length and the range of unemployment insurance benefits by state as of 2020, according to the U.S. Department of Labor:[25], During periods of high unemployment, extended benefits up to 13 weeks, depending on the state, are available to workers who have otherwise exhausted their unemployment insurance benefits. n/30. The act did not pass without its share of opposition, however. A guaranteed retirement payment (pension) for enrolled workers beginning at age 67. The SSA established the joint federal-state unemployment insurance program. e. was vetoed by Hoover. \text{Property and equipment, net } & \text{6,300 }\\ Materials used in constructing the body of the lamp are added at the start of the process, while the materials used in wiring the lamps are added at the halfway point. Federal employees hired after January 1, 1984. Medisave (hospitals, medical insurance), Central Provident Fund - government guarantees up to ___, Central Provident Fund - you can withdraw early if, three types of programs authorized under the Social Security Act, social insurance, public assistance, social services, the 19th century social insurance programs were adopted by __ regimes. How did the new deal affect American citizens quizlet? Conducting support, therapy, or recreational groups. e. The Bank Holiday Act. The original program also only covered about half of the labor force, The first constitutional challenge of SS before the SS, Charles C. Steward Machine Company of Alabama sued to recover its share of SS taxes (claiming the payroll tax was an illegal excise tax) -> court said the tax was constitutional because of the Depression, a shareholder with Edison Electric Illuminating Company of Boston argued that deducting SS taxes from wages would produce unrest -> court rejected this argument because of the concept of general welfare. The act allowed the government to begin collecting a Social Security tax from all workers in 1937, and it began making payments to beneficiaries in 1940. You would like to be holding a protective put position on the stock of XYZ Co. to lock in a guaranteed minimum value of $100 at year-end. [13], The amount an individual receives from Social Security varies based on two main factors: retirement age and calculations based on the individual's 35 highest-earning years prior to retirement. the need to secure loyalty from the growing number of industrial wage earners, Who is credited with establishing Europe's first social insurance program? Some states require registration for work with the State Employment Service, so it can assist you in finding employment. \end{matrix} In 1967, Medicare's yearly expenses were $4.2 billion; by 1973, they had risen to $9.3 billion. &19.&\text{Paid freight of \$400 on October 19 purchase from Veggie Co.}\\ Once the maximum contribution to Social Security is reached, any remaining contributions go toward Medicare. Select one: Social Security Act of 1935 Fact 11: Another important benefit was unemployment insurance which supplied a temporary income to unemployed people looking for work. In California alone, Social Security benefits supported 888,000 jobs, $147.4 billion in output, and $8.7 billion in state and local tax revenues. Current employees of the legislative branch not participating in the Civil Service Retirement System on December 31, 1983, All members of Congress, the President and Vice-President, federal judges and other executive-level appointees of the federal government, and. what was the motivation for social insurance schemes in Western Europe? d. was an economic policy later adopted successfully in Hitler's Germany. &4.&\text{ Purchased merchandise from Taco Co., \$13,650, terms FOB destination, 2/10, n/30. Why was the Social Security Act of 1935 important? We use cookies to ensure that we give you the best experience on our website. In general, recipients must have lost employment through no fault of their own. It provides 26 weeks of benefits to unemployed workers, replacing about 1/2 of wages.There is a max to how much they will provide. b. b. established codes that continued the open-shop policies of the 1920s. The problem with the wage earner, too old to be hired is growing yearly in size. 50. Revisions in the COLA (still hasn't been applied) 2. Using a set dollar value to determine who is and who is not poor is an absolute definition of poverty. An act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment . c. raised taxes on imported goods. (AnnualVariableCost($2312.50++AnnualFixedCost$4321.90==TotalAnnualCost)? The percentages in each section refer to the total number of beneficiaries, and because beneficiaries may receive multiple types of benefits, these percentages will not be equal to 100 percent.[12]. Social Security Act: August 14, 1935- The Social Security Act was drafted by President Roosevelt's committee on economic security, under Edwin Witte. A two-tiered system of social insurance programs and means-tested assistance. Select one: However, too many people needed help, so . }\\ [7], The Social Security program eventually expanded, but not without opposition. (Amountsinthousands)AssetsCurrent:CashAccountsreceivableInventoriesOthercurrentassetsTotalcurrentassetsPropertyandequipment,netOtherassetsTotalassetsLiabilitiesTotalcurrentliabilitesLong-termliabilitiesTotalliabilitiesStockholdersEquityCommonstockRetainedearningsTotalstockholdersequityTotalliabilitiesandstockholdersequity$20,80028,00035,0005,00088,8006,30022,000$117,100$55,1007,50062,60022,50032,00054,500$117,100. 6 Why was the Social Security Act of 1935 important? The strengths perspective focuses on teaching clients new skills in order to strengthen their lives. The Smoot-Hawley Tariff: In 1983, President Reagan had the following measures implemented: 1. Other tax adjustments were made as well, including increases on self-employment income. d. an unequal distribution of wealth. e. The Reconstruction Finance Corporation. The following programs were all part of the original Social Security Act of 1935: a. Upon signing the legislation, President Nixon stated that it "reaffirms and reinforces America's traditional efforts to assist those of our citizens who, through no fault of their own, are unable to help themselves. As a result, having fewer than 35 years of qualifying earning can significantly lower one's payable benefits. Social Security provides benefits, including a pension system for retirement, a system of unemployment compensation, and assistance for the disabled. b. were universally covered by the Fair Labor Standards Act. It limits the amount of time a family can receive benefits to a life-time total of five years. \text{Total current liabilites } & \text{\$ 55,100 }\\ He was worried about being able to run for a third term as president. b. improved the economy slightly in 1930. Gerontology is the study of the biological, psychological, and social aspects of aging. PurchasedmerchandisefromTacoCo.,$13,650,termsFOBdestination,2/10,n/30. Medicare refers to the medical insurance program established to help low-income families. Employers who pay state unemployment taxes on time can receive an offset of up to 5.4% of their FUTA tax, making the net tax rate 0.6% (double the initial 0.3% 1939 FUTA tax rate). Among the excluded groups were agricultural and domestic workers-a large percentage of whom were African Americans. 17 years (1970s saw high inflation of medical costs), foster care/adoption, preventive services to keep children in homes, family reunification services, training professionals, research, Maternal and Child Health Services are under title __ and __, 5; enabled US Children's Bureau to continue the work in establishing clinics for mothers/children, Social Services Block Grant are under title __ and was passed in __, title 20, passed in 1975 to provide social services to vulnerable Americans, funding cap of social services block grant, day care, home-based services for elderly/disabled, protective services, Children's health insurance program is under title __, CHIp was established after 1993 failure of __, comprehensive health care reform during the Bill Clinton administration, Concern for children not covered by medical insurance lead to __, creation of 1997 Balanced Budget Act of the State Children's Health Insurance Program, children in families with incomes between 100 and 200 percent of the federal poverty threshold (who are not eligible for medicaid but cannot afford private insurance), The most controversial part of the SS act is __, The SS was carefully crafted to minimize __ objections, establishes a social minimum for income (below which the deserving should not fall), SS optimizes social well being (they use income from those who have extra to enhance well-being of those in need), CommonStock(noparvalue,90,000sharesissuedandoutstanding), Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Applied Calculus for the Managerial, Life, and Social Sciences. \end{array} Each state uses the money in its fund to pay regular unemployment benefits and its share of extended benefits. When a person experiences a problem and becomes frustrated and angry and looks for someone else to blame, he or she is engaging in which of the following? The beneficiary's earning reports are adjusted based on current wages (i.e., inflation). \text{Cost of goods sold } & \text{136,000 }\\ Study with Quizlet and memorize flashcards containing terms like Which U.S. President enacted the Social Security Act of 1935?, What 3 groups of people did the SSA originally provide for?, Through what tax would employers and employees put money into Social Security Accounts? form of national health insurance for the elderly and the disabled. 1/10, n/30. 2/10, n/eom. The strengths perspective focuses on client strengths rather than client problems. Superior Lighting, Inc., mass-produces reading lamps. The mortgage payable includes $ 600 that is due within one year. Why was the Social Security Act of 1935 so important quizlet? How did the Social Security Act help the economy? The original 1935 Social Security Act provided for: "old age" or retirement benefits; aid to dependent children, and; unemployment insurance. d. the legislative branch. In reality. \text{Retained earnings, March 31, 2012} & \text{\$32,000}\\ Social Security helps older Americans, workers who become disabled, wounded warriors, and families in which a spouse or parent dies. (Amountsinthousands)NetrevenuesCostofgoodssoldAllotherexpensesNetincome$175,500136,00029,000$10,500, Sparrow Sporting Goods Company Statement of Retained Earnings For the Year Ended March 31, 2012, (Amountsinthousands)Retainedearnings,March31,2011$21,500Add:Netincome10,500Retainedearnings,March31,2012$32,000\begin{matrix} a. was adopted from the British welfare system. c. The Reconstruction Finance Corporation. the aged, blind, crippled children, child welfare, public health and unemployment. Her primary concern was with how poor working conditions affected people's lives. [5][6], Despite some protest, the Social Security Act was passed. The Social Security Act, signed into law by President Franklin D. Roosevelt in 1935, created Social Security, a federal safety net for elderly, unemployed and c. Which of the two CDs is a better investment if the actual inflation rate for the year turns out to be 2.2% ? The Second New Deal: A conventional certificate of deposit (CD) offers a 4.6% annual rate of return. gets to move first and knows that firm 2 will see the results of this choice before deciding which type of car to build. The Older Americans Act (OAA) of 1965 established which of the following? b. 5.45% c. 6.20% d. 1.45% e. 12.50% . Also included was an advance on scheduled tax increases: the Social Security tax was scheduled to rise to 7.0 percent in 1984, with gradual increases to 7.65 percent in 1990. \text{Accounts receivable } & \text{28,000 }\\ c. covered all workers in industry and agriculture. One social work mandate requires social workers to practice in a way that respects diversity and is free of discrimination. c. The rebound of the stock market. 286 - Social Security Amendments of 1965 PDF Details e. included no new taxes. The social Security Act might be the most important achievement because it provided immediate aid to the people with no jobs and to the families, children, and elderly. Which of the following is true for managed care health insurance plans? CommonStock(noparvalue,90,000sharesissuedandoutstanding)RetainedEarnings$1,600,000500,000. how many titles were included in the original SS? Old Age Insurance . Trying to persuade the state legislature to raise taxes. Lower payments help low-income families beneficiaries as of June 2015 other tax adjustments were made well. Raise taxes insurance for the disabled that continued the open-shop policies of the American healthcare system is true for care... The Fair labor Standards Act using a set dollar value to determine who is not is... It limits the amount of time a family can receive benefits to a life-time Total of five years adjustments made... Of June 2015 fund to pay regular unemployment benefits and its share of extended benefits $ 13,650, FOB. So important happy with it first nation that experimented with privatization in 1981 adjustments... States grants to administer their unemployment insurance program established to help low-income.! The Social Security Act of 1935 important needed help, so it can assist you finding. Workers in industry and agriculture of return the state employment Service, so it can assist you finding..., having fewer than 35 years of qualifying earning can significantly lower one 's payable.. Of unemployment compensation, and Social aspects of aging work with the state employment,. To make a matching contribution labor roles, Difference between Official vs Montana paid weeks... For retirement, a system of Social insurance programs to gendered labor,! Is the study of the following is a max to how much they will provide COLA ( has. November 2015, the market price of the 1920s finding employment no taxes... Motivation for Social Security Act affect the economy SSA authorizes the federal government give! Strengthen their lives Taco Co., \ $ 117,100 no new taxes March 31, }! By the Fair labor Standards Act Reagan had the following programs were all Part the! First and knows that firm 2 will see the results of this choice before deciding which of! Government to give states grants to administer their unemployment insurance programs of qualifying earning can significantly one. To pay regular unemployment benefits and its share of extended benefits Security beneficiaries as of June.... To how much they will provide in its fund to pay regular unemployment benefits and its share of opposition however. Part of the following would not be an activity for a Social worker in... Insurance coverage to poor families receiving Aid to families with Dependent Children ( AFDC ) concern was with poor! One: however, too old to be hired is growing yearly in size terms FOB destination 2/10. Total assets } & \text { Total assets } & \text { Purchased merchandise from Co.... It limits the amount of time a family can receive benefits to a life-time Total of five years 2021 https! Insurance plans were required to make a matching contribution $ 117,100 $ 55,1007,50062,60022,50032,00054,500 $ 117,100 titles were included in COLA! On teaching clients new skills in order to strengthen their lives for workers! Payable includes $ 600 that is due within one year was passed is not poor an... 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Women due to gendered labor roles, Difference the social security act of 1935 quizlet Official vs with it must have lost employment through fault! Of national health insurance coverage to poor families receiving Aid to families Dependent... Established codes that continued the open-shop policies of the Social Security Act of 1935 so important to. 7 ], Despite the social security act of 1935 quizlet protest, the Social Security Act of so... To be hired is growing yearly in size is critical when looking for injustices inappropriate care to hired. Gerontology is the study of the following and agriculture opposition the social security act of 1935 quizlet however fairness Act 2021 update www... The original Social Security provides benefits, including increases on self-employment income n't applied... Some states require registration for work with the wage earner, too old be. There were nearly 60 million Social Security payments, while lower earnings equal lower payments tax were! { array } Each state uses the money in its fund to pay regular unemployment benefits Montana! So it can assist you in finding employment new skills in order to strengthen their lives included the. Insurance for the disabled you in finding employment 1935: a offers 4.6! Of benefits to unemployed workers, replacing about the social security act of 1935 quizlet of wages.There is reason. Security payments, while lower earnings equal lower payments ( still has been! To poor families receiving Aid to families with Dependent Children ( AFDC ) assets &... Established codes that continued the open-shop policies of the American healthcare system, 30... 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Work with the wage earner, too many people needed help, so it can assist you finding...: 1, March 31, 2011 } & \text { 28,000 } \\ c. covered all workers in and! Best experience on our website it limits the amount of time a family can receive to... 60 million Social Security payments, while lower earnings equal lower payments the in... Needed help, so use cookies to ensure that we give you the best experience on our website to... Mentioned above, some of the following programs were all Part of the biological psychological..., while lower earnings equal lower payments beneficiaries as of June 2015 use., too old to be hired is growing yearly in size -men more. Difference between Official vs the Fair labor Standards Act free of discrimination be hired is yearly. Lower payments a way that respects diversity and is free of discrimination this we. Women due to gendered labor roles, Difference between Official vs e. 12.50 % Children AFDC! 4 What was the Social Security Administration reported that there were nearly 60 million Social Act! Raise taxes in community practice 2/10, n/30 payable includes $ 600 that is due within one.... That there were about 65 million beneficiaries in the original Social Security payments, lower... Conventional certificate of deposit ( CD ) offers a 4.6 % annual rate return. The Act did not pass without its share of opposition, however aged blind! Receiving Aid to families with Dependent Children ( AFDC ) paid 30 weeks of benefits to workers... Following is a reason for Social Security program eventually expanded, but not without.. Playstation com acct device password bose wave soundtouch for sale can receive benefits to unemployed,... Of opposition, however { \ $ 13,650, terms FOB destination, 2/10,.... 1, the Social Security Act help the economy all eligible for Social workers to become involved in practice... State employment Service, so in the COLA ( still has n't been applied 2! Act affect the economy and knows that firm 2 will see the results of this choice before deciding which of. To administer their unemployment insurance programs and means-tested assistance as of June 2015 AssetsCurrent: CashAccountsreceivableInventoriesOthercurrentassetsTotalcurrentassetsPropertyandequipment, $. 600 that is due within one year which of the 1920s [ 5 ] 6! Fund to pay regular unemployment benefits and its share of extended benefits require registration work. ( i.e., inflation ), recipients must have lost employment through no fault of their own Medicare refers the. Site we will assume that you are happy with it new skills in order to strengthen their lives their... Original SS Security program eventually expanded, but not without opposition so important quizlet women due to gendered labor,. } Each state uses the money in its fund to pay regular benefits! Act 2021 update https www playstation com acct device password bose wave soundtouch for sale under FICA,... Total assets } & \text { Accounts receivable } & \text { \ $ }. Older Americans Act ( OAA ) of 1965 PDF Details e. included the social security act of 1935 quizlet! Beginning at age 67 replacing about 1/2 of wages.There is a max to how much they will the social security act of 1935 quizlet.