The most important source of funding for Medicare is
A)the federal income tax.
B)premiums paid by elders and deducted from their monthly Social Security checks.
C)a 2.9 percent payroll tax paid by all workers, regardless of their age.
D)proceeds from the Medicare Trust Fund.
E)a tax on the health insurance premiums pay by all group plans.

Question

Quizplus · Accepted Answer

The primary source of funding for Medicare is the 2.9 percent payroll tax, which is split between employers and employees, with each paying 1.45 percent. This tax is levied on all workers' earnings, regardless of age.

The Most Important Source of Funding for Medicare Is