What is the source of funding for Social Security?

Question

Quizplus · Accepted Answer

The source of funding for Social Security is primarily derived from payroll taxes paid by both employees and employers. These taxes are specifically designated to fund Social Security benefits for retired and disabled workers, as well as survivors of deceased workers. Other sources of funding for Social Security include income from taxes on Social Security benefits, interest earned on the Social Security Trust Fund, and taxes on Social Security benefits for high-income earners.

What Is the Source of Funding for Social Security