Question

The primary source of funding for the Medicare program is from A. premiums collected from the elderly population B. payroll taxes on the employed population C. State government funded program D. employers sponsored funds

Answer 1

B. payroll taxes on the employed population

Explanation:

The primary source of funding for the Medicare program is from - payroll taxes on the employed population.

Other than medicare, these payroll taxes also include social security taxes.

The current percent of medicare taxes is: 1.45 percent of wages

These social security taxes and medicare taxes fall under FICA.