Social Security and Medicare are funded by the collection of ________ taxes.

Question

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Social Security and Medicare are funded through payroll taxes, which are taxes that are deducted from an individual's paycheck each pay period. This tax is a percentage of an individual's earnings up to a certain limit. The employer also contributes an equal amount of tax for each employee. This tax revenue is used to fund Social Security and Medicare programs.

Social Security and Medicare Are Funded by the Collection of ________