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:
Verified
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