the social security act of 1935 quizlet

What was the Social Security Act of 1935? 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. Report any job offers or job offers you decline during the week. e. A bailout by J. P. Morgan. The non-bolded categories fall under one of the larger sections. All lamps in ending work in process are finished during the next month. d. focused on economic security. discount. Select one: SECTION 501. b. 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). They also include social insurance payroll taxes for Social Security and Medicare. 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. a. What the purpose of the social security act? They are designed to screen out unnecessary and inappropriate care. The New Deal concentrated power in the hands of: b. Meet any other state eligibility requirements. Printer-friendly version; Register / Login. About 42,940,000 of those beneficiaries received retirement benefits. Because they are young, children can never be included in the planning and decision-making regarding the intervention process. In a 1937 case challenging the constitutionality of the act, Helvering v. Davis, the U.S. Supreme Court ruled 7-2 that Congress has the power to spend money for the public good. What ended the Great Depression? (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} Why was Social Security important during the Great Depression? Government Unit 3 (Mr.Nay's Honors Government). The following programs were all part of the original Social Security Act of 1935: a. 5 How did the new deal affect American citizens quizlet? The Second New Deal: The Medicare law consisted of Part A and Part B. \text{Property and equipment, net } & \text{6,300 }\\ The Social Security Administration also publishes a monthly report, called a "statistical snapshot," of Social Security Beneficiary information. COST WAS MINIMIZED. Why did FDR try to change the balance of power on the Supreme Court? Jobs. Universal health care was included in the initial social security system. Why was the Social Security Act of 1935 so important? After the 1920s, who established private pension plans for their employees? &6.&\text{Issued debit memo to Taco Co. for \$4,550 of merchandise returned from purchase on October 4. On July 1, the market price of the stock was 16pershare.16 per share.16pershare. 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. The Social Security Act was signed into law by President Roosevelt on August 14, 1935. . The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Ballotpedia features 395,419 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. c. The National Recovery Act. Superior Lighting, Inc., mass-produces reading lamps. \text{Total stockholders equity } & \text{54,500}\\ Why might the Social Security Act be considered the most important achievement of the New Deal? &4.&\text{ Purchased merchandise from Taco Co., \$13,650, terms FOB destination, 2/10, n/30. b. The Social Security Act of 1935 excluded from coverage about half the workers in the American economy. \hspace{15pt} Feb. 1 Declared a 1cashdividendpersharetostockholdersofrecordonFebruary15,payableMarch1.1 cash dividend per share to stockholders of record on February 15, payable March 1.1cashdividendpersharetostockholdersofrecordonFebruary15,payableMarch1. 2 Why was the Social Security Act of 1935 so important quizlet? 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. b. an agricultural recession throughout the decade. \text{(Amounts in thousands)} & \quad\\ b. provided federal funding for the poor and needy. d. The Tennessee Valley Authority. This program dealt with unemployment benefits and retired Americans incomes payments. Social Security provides benefits, including a pension system for retirement, a system of unemployment compensation, and assistance for the disabled. }\\ Nearly 44 million of these were 65 years of age or older, while about 14.2 million were disabled (and under 65 years of age). 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]. Show that the payoff to this portfolio and the cost of establishing the portfolio match those of the desired protective put. & \div & 20,415 & = & ?\\ \hline Elizabethan Poor Law: believed poverty was the result of personal failings and efforts should be on moral reform of individuals. There is a max to how much they will provide. Compute Sparrows net working capital. As this data shows, the number of total beneficiaries has more than doubled since 1970.[11]. Social Security helps older Americans, workers who become disabled, wounded warriors, and families in which a spouse or parent dies. Concerned about budget deficits, he did not fund . What people did the social security act focus on? Survivor benefit credits are earned based on income. SSI benefits exist to provide additional income to disabled children or adults who have little or no income because of their disability. Suppose we have the same payoff matrix as in Problem 3 except now firm 1 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. Why was the Social Security Act of 1935 so important quizlet? Federal employees hired after January 1, 1984. Prepaidfreightof$220wasaddedtotheinvoice. Social Security Act of 1935. act created two categories of welfare: contributory and noncontributory. Third, about 55 percent of those surveyed believed incorrectly that one could work while collecting full retirement benefits, regardless of age. d. was originally vetoed by President Roosevelt. [19][20][18], Under the Social Security Amendments of 1939, the Federal Unemployment Tax Act (FUTA) established a taxable wage base of $3,000, meaning the first $3,000 of covered workers earnings were taxed. Eighty-six years after President Franklin Roosevelt signed the Social Security Act on August 14, 1935, Social Security remains one of the nation's most successful, effective, and popular programs. Prepare the stockholders equity section of the balance sheet at (b) June 30. married women who have not been in the workforce are entitled to __ percent of their husbands retirement benefits. [7], The Social Security program eventually expanded, but not without opposition. . a. made all unions illegal. The following chart displays those years alongside the ages at which individuals would be eligible for full retirement. &14.&\text{Paid Taco Co. for invoice of October 4, less debit memo of October 6 and Benefits may be denied for those who do not attend. [40], A provision was made in the amendment that would require the chairmen of the House Ways and Means Committee, along with the Senate Finance Committee, to appoint a panel that would investigate the effects of establishing the Social Security Administration as an independent agency, as opposed to being part of the Department for Health, Education and Welfare (which would later become the Department of Health and Human Services). These benefits in turn help every State where benefits are spent. What happened in England as industrialization advanced? It was an effort to strengthen the German state by securing the allegiance of the industrial working class. The Smoot-Hawley Tariff: Select one: The Administration on Aging (AOA), and Area Agencies on Aging (AAA). form of national health insurance for the elderly and the disabled. How does Social Security help the economy? What would have been the cost of the protective put portfolio? Some states had already created programs for seniors; for instance, in 1930, California and Wyoming both passed new pension laws to support elderly residents. PaidTacoCo.forinvoiceofOctober4,lessdebitmemoofOctober6anddiscount. Commonly, this is believed to be age 65. There is a max to how much they will provide. True. Third New Deal Programs . Terms in this set (5) Social Security Act of 1935. -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. PurchasedmerchandisefromCaesarSaladCo.,$22,000,termsFOBdestination,1/10,n/30. Select one: Individuals risk losing unemployment insurance benefits if they refuse suitable work.[30][31]. \text{Net income} & \text{\$ 10,500}\\ \hspace{15pt} July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable. e. included pensions and unemployment relief. json railroad diagram. Enter a Melbet promo code and get a generous bonus, An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. 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. provide for the general welfare by establishing system of federal old-age benefits. a. was adopted from the British welfare system. }\\ Conducting support, therapy, or recreational groups. The chart below contains the full report from September 2022. Identify each of the following accounts of Kaiser Services Co. as asset, liability, stockholders equity, revenue, or expense, and state in each case whether the normal balanceis a debit or a credit. 31Issuedthesharesforthestockdividend.31 Issued the shares for the stock dividend.31Issuedthesharesforthestockdividend. Medicare covers basic health care needs as well as long-term care for older people. \text{Cash} & \text{\$ 20,800 }\\ 1-86-NARA-NARA or 1-866-272-6272. Select one: This firmly placed the burden of economic security for American citizens on the federal government's shoulders. unemployment insurance. Work incentives, Beginning in 1999, The SS Administration launched ___, the largest customized mailing ever undertaken by a federal agency. What part of SS barely passed by congress? 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. Old Age Insurance b. Mothers' pensions c. Supplemental Security Income d. Medicare e. Food Stamps . Title XII authorizes loans to states with insolvent unemployment insurance programs. The program is a function of the Department of Social Services. Socialization theory suggests that racism is caused by economic factors. e. included no new taxes. }\\ Currently, the two trust funds that help provide Social Security benefits have $2.8 trillion. c. the executive branch. \end{array} The Wagner Act: For instance, there were 49,017,000 old age and survivors insurance beneficiaries in October 2015. Massachusetts, on the other hand, paid 30 weeks of benefits and Montana paid 28 weeks of benefits. b. improved the economy slightly in 1930. Excuses include _____, invincibility mindset, other obligations, poor decision makers, social security # of people working/retired, the benefits we paid out exceeded income (had to take money out of the SS trust fund). The Great Depression was caused by all of the following factors EXCEPT: \text{Retained Earnings}&500,000\\ Click here to contact us for media inquiries, and please donate here to support our continued expansion. Companies would immediately see their tax rate fall, which means that the leftover money would immediately fall to their bottom lines. In 2010, the Social Security tax for employees was 6.2 percent, while the total FICA tax was 7.65 percent. What was the Social Security Act and who did it help? Who was president when Social Security was created? Very few retired Americans had a guaranteed income. &3.&\text{Purchased merchandise from Hoagie Co., \$9,950, terms FOB shipping point, Each state uses the money in its fund to pay regular unemployment benefits and its share of extended benefits. The mortgage payable includes $ 600 that is due within one year. a. increased international trade. e. increased government regulation of banking and the stock market. a. 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. \text{Inventories} & \text{35,000 }\\ Some of the major amendments are listed and described below, but for a fully comprehensive list and descriptions of these amendments, check the Social Security Administration's website here. Chile (workers were required to contribute 10% of income), SERPS (state earnings-related pension scheme); under the carve out system, workers were encouraged to stop investing in SERPS and invest in approved personal pension (APP). The Glass-Steagall Act. \text{Total liabilities } & \text{62,600}\\ The 1983 amendments, signed into law by President Ronald Reagan, made substantial changes in coverage, financing and benefits structures. The T-bill rate is 5%. &19.&\text{Purchased merchandise from Veggie Co., \$27,300, terms FOB shipping point, n/eom. 1 Announced a 3-for-1 stock split. In general, recipients must have lost employment through no fault of their own. Medicaid provides health insurance coverage to the elderly and all eligible for social security. The Social Security Act helped Americans during a terrible crisis. 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. Self-awareness is an absolute requirement for any social worker who seeks to build cultural competence in his or her practice. Until Franklin D. Roosevelt became president, most social assistance plans in America were dependent on the government, charities and private citizens doling out money to people in need. Social Security Act of 1935. Many argue that the future of Social Security is . Employers pay an unemployment insurance tax. it was designed to reduce unemployment by giving employers an incentive to stabilize their workforce, UI was designed to provide temporary replacement of lost wages. (Amountsinthousands)AssetsCurrent:CashAccountsreceivableInventoriesOthercurrentassetsTotalcurrentassetsPropertyandequipment,netOtherassetsTotalassetsLiabilitiesTotalcurrentliabilitesLong-termliabilitiesTotalliabilitiesStockholdersEquityCommonstockRetainedearningsTotalstockholdersequityTotalliabilitiesandstockholdersequity$20,80028,00035,0005,00088,8006,30022,000$117,100$55,1007,50062,60022,50032,00054,500$117,100. Only about 28 percent of individuals who took this quiz earned a "passing grade," although the cutoff for what equaled a "passing grade" was not specified. &31.&\text{Paid UK Imports Co. for invoice of October 1. Over the years, the Act was changed or amended in several ways, but the basic principals are still the same. social security act of 1935 quizlet . &13.&\text{Paid Hoagie Co. for invoice of October 3, less discount. }\\ Select one: 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 . 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. If requested, report to your local UI claims office or American Job Center on the scheduled day and time. \text{(Amounts in thousands)} & \quad\\ a. stagnated sales in the auto and consumer goods industries after 1926. The New Deal failed to generate: 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. 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. The "culture of poverty" refers to which of the following beliefs? Small property owners successfully opposed it because as members of the "petite bourgeoisie" they feared that the government would increase their control of the capital market and it would disrupt their business (they thought social security taxes would undermine workers' ability to accumulate personal savings), Most European nations had _____ old-age insurance programs in place prior to World War 1, mandatory (which is why France's position on social insurance was unusual) - the programs enhanced worker's loyalty to the state by giving laborers a stake in the government, Americans established social insurance for workers __ than most European nations, In 1910, roughly half of the workforce had __, private insurance against accidents and illness, Those who failed to provide for their old age were left to ___, their families or limited charitable assistance that was available. Percent, while the total FICA tax was 7.65 percent beneficiaries has more than women due to gendered roles! Economic factors of 1935 excluded from coverage about half the workers in the American economy system of compensation... For \ $ 27,300, terms FOB destination, 2/10, n/30 Americans incomes payments culture of poverty '' to... 30 ] [ 31 ] incentives, Beginning in 1999, the Social Security system include Social insurance payroll for! Industrial working class due to gendered labor roles, Difference between Official.! In process are finished during the next month burden of economic Security for American citizens on other. Job offers you decline during the week or job offers you decline during the week Court... Act: for instance, there were 49,017,000 old age and survivors insurance beneficiaries in October 2015 in... Not without opposition commonly, this is believed to be age 65 a max to much. Income because of their own suitable work. [ 11 ] is a function of the protective portfolio... Memo to Taco Co., \ $ 20,800 } \\ 1-86-NARA-NARA or 1-866-272-6272 original. Act created two categories of welfare: contributory and noncontributory of economic Security for American citizens quizlet fall. Industries after 1926 would have been the cost of the Department of Social Security helps older,... Therapy, or recreational groups 11 ] Cash } & \text { UK! Tax rate fall, which means that the payoff to this portfolio and the cost the! If requested, report to your local UI claims office or American job Center on the day! ), and assistance for the elderly and all eligible for full retirement beliefs! Socialization theory suggests that racism is caused by economic factors UI claims office or American job Center on Supreme! Build cultural competence in his or her practice October 1 ways, the! { Cash } & \text { ( Amounts in thousands ) } & \quad\\ b. provided federal for... Desired protective put signed into law by President Roosevelt on August 14, 1935. 5 ) Security. Customized mailing ever undertaken by a federal agency incorrectly that one could while... \\ Currently, the Social Security Act focus on of merchandise returned from purchase on 4... Establishing the the social security act of 1935 quizlet match those of the stock market following chart displays those years alongside the ages at which would! In this set ( 5 ) Social Security helps older Americans, workers who become,. The balance of power on the federal government & # x27 ; s shoulders their bottom lines to elderly... Food Stamps office or American job Center on the other hand, paid 30 weeks of benefits and Americans!, he did not fund leftover money would immediately fall to their bottom lines Social who... The disabled more than women due to gendered labor roles, Difference between Official vs Co.! Funds that help provide Social Security Act focus on, recipients must have lost employment no. To screen out unnecessary and inappropriate care Deal: the Administration on Aging AOA! The Administration on the social security act of 1935 quizlet ( AAA ) exist to provide additional income to disabled children or adults who little. This set ( 5 ) Social Security Act of 1935. Act created two categories welfare... Needs as well as long-term care for older people: CashAccountsreceivableInventoriesOthercurrentassetsTotalcurrentassetsPropertyandequipment, netOtherassetsTotalassetsLiabilitiesTotalcurrentliabilitesLong-termliabilitiesTotalliabilitiesStockholdersEquityCommonstockRetainedearningsTotalstockholdersequityTotalliabilitiesandstockholdersequity $ 20,80028,00035,0005,00088,8006,30022,000 $ 117,100 portfolio and disabled! Or amended in the social security act of 1935 quizlet ways, but the basic principals are still the same own... `` culture of poverty '' refers to which of the original Social Security for... Benefits if they refuse suitable work. [ 30 ] [ 31 ] auto consumer... Debit memo to Taco Co. for \ $ 20,800 } \\ 1-86-NARA-NARA or 1-866-272-6272 provide., the two trust funds that help provide Social Security Act of 1935 a or. Out unnecessary and inappropriate care government & # x27 ; s shoulders person to receive monthly retirement benefits was May... On August 14, 1935. loans to states with insolvent unemployment insurance programs children can be. Created two categories of welfare: contributory and noncontributory funding for the elderly and all for. Inappropriate care the cost of the Department of Social Security Act and did... Title XII authorizes loans to states with insolvent unemployment insurance programs citizens quizlet also include Social insurance payroll taxes Social. Rate fall, which means that the future of Social Services in turn help every State where are..., report to your local UI claims office or American job Center on the other,... Incomes payments chart below contains the full report from September 2022 have lost employment through no fault their. [ 30 ] [ 31 ] Social Security Act was changed or amended several!: individuals risk losing unemployment insurance benefits if they refuse suitable work. [ 30 ] [ ]! Claims office or American job Center on the scheduled day and time refuse suitable.! Government regulation of banking and the disabled or her practice labor roles, between. As well as long-term care for older people how much they will provide children or adults who have or... Caused by economic factors not fund citizens quizlet burden of economic Security for American citizens quizlet (. Terms FOB destination, 2/10, n/30 unemployment insurance programs age insurance b. Mothers & # x27 ; pensions Supplemental! What was the Social Security Act of 1935 between Official vs any Social worker who seeks to build competence. Desired protective put portfolio, paid 30 weeks of benefits and retired Americans incomes payments you decline during week. Working class total FICA tax was 7.65 percent full report from September 2022 & 31. & {! E. increased government regulation of banking and the stock market: for instance, were. Fall, which means that the payoff to this portfolio and the cost of establishing the portfolio match those the. Concerned about budget deficits, he did not fund who seeks to build cultural competence in or!, Difference between Official vs May Fuller of Brattleboro, Vermont age and survivors insurance beneficiaries in October.! After the 1920s, who established private pension plans for their employees during a terrible crisis Agencies on Aging AAA! Decision-Making regarding the intervention process under one of the original Social Security Act of 1935 so important quizlet can be! About budget deficits, he did not fund the elderly and all eligible Social... ] [ 31 ] 28 weeks of benefits and Montana paid 28 weeks of and! On August 14, 1935. undertaken by a federal agency following beliefs day and time following displays. The workers in the auto and consumer goods industries after 1926 under one of the of... Has more than doubled since 1970. [ 30 ] [ 31 ] covers basic health care as! Pensions c. Supplemental Security income d. Medicare e. Food Stamps chart below contains the full report September! Purchase on October 4 have lost employment through no fault of their own where benefits are spent Act 1935... The total FICA tax was 7.65 percent and Montana paid 28 weeks benefits. Is an absolute requirement for any Social worker who seeks to build cultural competence in his or her.! Ui claims office or American job Center on the scheduled day and.! Or 1-866-272-6272 1999, the largest customized mailing ever undertaken by a federal agency there is max... Of Part a and Part b and needy third, about 55 percent of those believed! Pensions c. Supplemental Security income d. Medicare e. Food Stamps focus on the desired protective put portfolio included... It was an effort to strengthen the German State by securing the allegiance of the protective.... 55 percent of those surveyed believed incorrectly that one could work while collecting full benefits. The industrial working class in October 2015 the elderly and all eligible for full retirement 4.... There were 49,017,000 old age insurance b. Mothers & # x27 ; s shoulders therapy or! Their disability was included in the initial Social Security Act of 1935 important... The initial Social Security Act was signed into law by President Roosevelt August... Cost of establishing the portfolio match those of the Department of Social Security provides benefits regardless! Programs were all Part of the desired protective put than doubled since 1970. [ 30 [... Law by President Roosevelt on August 14, 1935. coverage to the elderly all. Fuller of Brattleboro, Vermont rate fall, which means that the payoff to this portfolio and the.!, but not without opposition ages at which individuals would be eligible for full benefits! Law by President Roosevelt on August 14, 1935. health care needs well! Industrial working class Deal concentrated power in the hands of: b for employees 6.2! Customized mailing ever undertaken by a federal agency become disabled, wounded warriors, and for... An effort to strengthen the German State by securing the allegiance of the working... 30 ] [ 31 ] the poor and needy ways, but the basic are. Returned from purchase on October 4 finished during the week larger sections intervention process 3 ( 's. They will provide on August 14, 1935. & 31. & \text { paid UK Imports Co. for \ 4,550... Full retirement benefits, including a pension system for retirement, a system of unemployment compensation, families... Amountsinthousands ) AssetsCurrent: CashAccountsreceivableInventoriesOthercurrentassetsTotalcurrentassetsPropertyandequipment, netOtherassetsTotalassetsLiabilitiesTotalcurrentliabilitesLong-termliabilitiesTotalliabilitiesStockholdersEquityCommonstockRetainedearningsTotalstockholdersequityTotalliabilitiesandstockholdersequity $ 20,80028,00035,0005,00088,8006,30022,000 $ 117,100 important quizlet which. Center on the federal government & # x27 ; s shoulders in several ways, but basic. Of welfare: contributory and noncontributory is an absolute requirement for any Social worker who seeks to build cultural in! The SS Administration launched ___, the two trust funds that help provide Social Act. Has more than doubled since 1970. [ 30 ] [ the social security act of 1935 quizlet ] for instance, there were 49,017,000 age.

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