Social Security is largely funded through: A. Borrowing from banks B. Graduated income tax rates C. Employee and Employer taxes D. Sales taxes on good

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John Gagnon asked Oct 21, 2023

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6 votes

Social Security is largely funded through:

A. Borrowing from banks
B. Graduated income tax rates
C. Employee and Employer taxes
D. Sales taxes on good

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high-school

John Gagnon asked Oct 21, 2023

by John Gagnon

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Answer:

Dedicated payroll tax

Step-by-step explanation:

Social Security is mainly funded through a dedicated payroll tax created by the Federal Insurance Contributions Act of 1935.

GeekyOmega answered Oct 28, 2023

by GeekyOmega

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