1.Which client would be most impacted by the Social Security Windfall Elimination Provision?

A. Mark (age 70), a retired government employee collecting Social Security. He receives a large government pension from work he did not pay into Social Security. He also has 30 years of substantial earnings from his first career in construction.

B. Sally (age 67), a retired teacher collecting Social Security. She receives a government pension from teaching and did not pay into Social Security as a teacher.

C. Samantha (age 62), a retired corporate employee collecting Social Security early.

2. William and Jane are 67 and receiving Social Security. The are married, and currently earn $70,000 combined. What portion of their Social Security benefit will be subject to taxation at the federal level?

• A. 0%
• B. Up to 50% may be taxable
• C. Up to 75% may be taxable
• D. Up to 85% may be taxable

3.Lilly is 28 and owns her own start-up technology company specializing in robotics. She has a high net worth and annual income. What may she want to consider?

• A. Umbrella insurance
• B. Earthquake insurance
• C. Keeping the mandatory minimum on her auto insurance
• D. Cover her primary residence at 70% of her home's replacement value