Which of the following is false concerning the operation of the Social Security system?
A)the program is operated on a pay as you go basis
B)employees and employers share the burden of funding the system
C)self employed individuals pay approximately 15.3 percent on their own payroll
D)there are no investment earnings since the program is operated on a pay as you go basis

Question

Quizplus · Accepted Answer

This statement is false. While the Social Security system is primarily operated on a pay as you go basis, there are still investment earnings on the assets held by the Social Security trust funds. These earnings come from the investment of the trust funds in special U.S. Treasury bonds.

Which of the Following Is False Concerning the Operation of the Social