Solved

Which of the Following Is Not True Regarding Social Security

Question 144

Multiple Choice

Which of the following is not true regarding Social Security?


A) Benefits include retirement benefits and survivors' benefits.
B) The amounts paid into the Social Security system by a worker during his or her working career are accumulated and invested, to be paid out during the worker's retirement years.
C) The Social Security tax for an employee is paid partly by the employee and partly by the employer.
D) A self-employed person must pay both employee and employer portions of the tax.
E) Failure to submit Social Security taxes subjects the violator to interest payments, penalties, and possible criminal liability.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents