What is the retirement age in the United States?
A) 60 years old
B) 62 years old
C) 65 years old
D) 70 years old
E) whenever the employee stops participating full-time in his/her career
E
Explanation: E) Retirement is the point in a person's life when he or she stops participating full-time in his or her career. Traditionally, employees retired at the age of 65, but this is no longer the case. Financial concerns are causing many employees to continue working until much later in life.
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Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per unit remain constant?
A) The contribution margin increases. B) The breakeven point increases. C) The contribution margin decreases. D) The breakeven point decreases.
One reason a plan may require employees to sign up within 31 days after the probationary period is to
A) charge higher premiums B) avoid adverse selection C) discriminate based on age D) require medical exams