The payments made to the beneficiaries of the Social Security program are financed by
A) insurance premiums previously paid into the system by the beneficiaries.
B) current receipts derived from the Social Security payroll tax.
C) income derived from funds that were previously invested in stocks and bonds.
D) governmental savings accounts based on the amount of funds the recipient previously paid into the system.

Question

Quizplus · Accepted Answer

Social Security benefits are primarily funded by current payroll taxes collected from workers and employers, not from premiums, investments, or savings accounts.

The Payments Made to the Beneficiaries of the Social Security