The federal government funds the Social Security Old-Age,Survivor and Disability Insurance Program using which tax? (The Internal Revenue Code)

Name: The federal government funds the Social Security Old-Age,Survivor and Disability Insurance Program using which tax? (The Internal Revenue Code)
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

FICA taxes, which are taken out of employees' salaries and matched by employers, fund Social Security Old-Age, Survivor, and Disability Insurance. FICA stands for Federal Insurance Contributions Act.

The Federal Government Funds the Social Security Old-Age,Survivor and Disability