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Describe: How are the Social Security benefits of today's retirees funded?

User Thomaux
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2 Answers

3 votes

Answer:

Step-by-step explanation:

They're funded by payroll taxes on people who are currently working. Basically, payroll taxes are deducted from the employee's wages and then transferred to tax agencies. This is what funds retirees benefits

User Bian
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1 vote

Answer:

Both Workers and Companies

Step-by-step explanation:

Got it right on Edg. 2020

User Chris Gillum
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