Social Security benefits are financed through payroll taxes paid by employers and employees and by a special tax on earnings paid by the self-employed.The tax rate for employers and employees is 6.2 percent for OASDI, up to a maximum amount of earnings called the _____.

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The Answer of Social Security benefits are financed through payroll taxes paid by employers and employees and by a special tax on earnings paid by the self-employed.The tax rate for employers and employees is 6.2 percent for OASDI, up to a maximum amount of earnings called the _____.

Social Security Benefits Are Financed Through Payroll Taxes Paid by Employers