The Social Security program in the United States is financed by:

Question

Quizplus · Accepted Answer

The Social Security program in the United States is primarily financed through payroll taxes known as FICA taxes (Federal Insurance Contributions Act). FICA taxes are contributed by both employers and employees and are allocated to provide retirement, disability, and survivorship benefits to eligible individuals. Other revenue sources such as income tax, corporate tax, and excise tax may contribute to the program, but they are not typically the primary funding sources.

The Social Security Program in the United States Is Financed