Social Security benefits are funded by:

Question

Quizplus · Accepted Answer

Social Security benefits are primarily funded by taxes paid by both employees and employers, or by self-employed individuals. These taxes are deducted from workers' paychecks and a matching amount is paid by their employers. The funds are collected by the federal government and used to pay for Social Security benefits for retirees, disabled individuals, and survivors. While there are some other sources of funding for Social Security, such as interest on the trust fund or revenue from taxes on Social Security benefits, the bulk of the funding comes from payroll taxes paid by workers and employers.

Social Security Benefits Are Funded By