Social Security taxes are paid by:
A)the employer and federal government.
B)employees only.
C)only by the employer.
D)both the employee and employer.

Question

Quizplus · Accepted Answer

Social Security taxes are paid by both the employee and employer. The current Social Security tax rate is 12.4%, with 6.2% paid by the employee and 6.2% paid by the employer. The taxes are used to fund Social Security programs, including retirement benefits, disability benefits, and survivor benefits.

Social Security Taxes Are Paid By