Statement I: The primary income sources of the rich are dividends,interest,and profit,none of which is subject to the Social Security tax.
Statement II: The payroll tax is the federal government's fastest-growing source of revenue.

Question

Quizplus · Accepted Answer

Statement I is true because dividends, interest, and profit, which are common income sources for the wealthy, are not subject to Social Security tax, which primarily taxes wages and salaries. Statement II is also true as the payroll tax, which funds Social Security and Medicare, has been one of the fastest-growing sources of federal revenue, largely due to increases in the wage base subject to the tax and the growth in employment.

Statement I: the Primary Income Sources of the Rich Are