Friday, February 22, 2008

Ch 23 Sec 2

1.) Why is it important to build up work credits? Because once you have built up enough credits, then you can begin to receive benefits.2.) Why is the program of benefits discussed in this section called Social Security? It enables people to receive a source of income after retirement.3.) What may happen to social security by the time you retire if the system isn’t changed soon? There may not be any social security for my generation when I retire.Basic skills Math- Suppose you bought an exercise machine for $161, books for $ 36, CD’s for $32 and a watch for $45. If the state sales tax is 4 percent, how much did you spend?First, you add up all the prices.161+36+32+45= 274Then you multiply it by the percentage.274*.04=10.96Next you add that to the original total.274+10.96=284.96

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