Which statement is NOT true about Social Security?
A) It is funded by a payroll tax that is paid by both employees and employers.
B) The minimum age to begin collecting benefits is 62.
C) Payroll taxes for Social Security are a percentage of income, with no income limit.
D) Social Security benefits people with longer life spans.

Question

Quizplus · Accepted Answer

Payroll taxes for Social Security are subject to an income cap, meaning there is a maximum limit on the amount of income that is subject to the Social Security tax.

Which Statement Is NOT True About Social Security