Which of the following is true?
A) Social security tax payments are made with the understanding that under certain conditions, we (or our dependents) will be eligible for benefits.
B) Low income workers are likely to pay lower social security premiums but receive more generous benefits relative to their contributions.
C) Medicare and Medicaid insurance programs were enacted in 1966.
D) Social security is financed based on a payroll tax.
E) All of the above are true.
Correct Answer:
Verified
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