Which of the following is true of Social Security?

Question

Quizplus · Accepted Answer

Employers are required to remit Social Security payments on behalf of their employees to the Internal Revenue Service. Social Security operates as a social insurance program, not like a savings account, so A is incorrect. Both employers and employees make contributions to the Social Security fund, so B is incorrect. Self-employed individuals are also required to make Social Security payments, so D is incorrect.

Which of the Following Is True of Social Security