The payroll tax receipts
A)are used to reduce the national debt.
B)are invested in private business for future payments.
C)pay off current recipients of Social Security payments.
D)go directly into a trust fund for investment in private businesses.

Question

Quizplus · Accepted Answer

The payroll tax receipts are used to pay off the current recipients of Social Security payments. The money collected from the payroll tax is placed into the Social Security trust fund, which is then used to make payments to retirees, disabled workers, and survivors. It is not used to reduce the national debt or invest in private businesses.

The Payroll Tax Receipts