Which of the following is the source of revenue for Medicare and Social Security in the United States?
A)individual income taxes
B)sales taxes
C)social insurance taxes
D)property taxes

Question

Quizplus · Accepted Answer

Social insurance taxes, also known as FICA (Federal Insurance Contributions Act) taxes, are the primary source of revenue for both Medicare and Social Security. FICA taxes are a payroll tax that consists of contributions from both employees and employers. These taxes are specifically collected to fund these two programs and are not used for other government expenses.

Which of the Following Is the Source of Revenue for Medicare