When Social Security was first instituted by President Franklin Roosevelt in 1935,the payroll tax rate on wages used to fund the program was:
A) 1%.
B) 2%.
C) 3%.
D) 4%.
E) 5%.
Correct Answer:
Verified
Q6: _ a mandated federal program that funds
Q8: Mandatory outlays
A) usually change during the budget
Q10: Why are interest payments considered mandatory spending
Q12: Discretionary government spending includes payments made for:
A)
Q13: _ would be considered a mandatory outlay
Q13: The largest portion of the federal budget
Q14: Transfer payments refer to funds that are
Q15: Mandatory outlays are different than discretionary outlays
Q18: Which of the following is considered mandatory
Q34: _ a government-administered retirement program.
A) Medicare is
B)
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