Asked by
Tyler Hockey
on Oct 13, 2024
Verified
Social Security benefits are funded by
A) special taxes on corporate profits.
B) property taxes and user taxes.
C) a payroll tax with equal contributions from employer and employees and by self-employment taxes.
D) a special tax on corporate profits and approximately 10 percent of general sales taxes.
E) a combination of sales taxes,property taxes,corporate profit taxes and user fees.
Social Security Benefits
Payments made to eligible individuals, typically retirees or disabled workers, provided through a government system funded by payroll taxes.
Payroll Tax
Charges implemented on employers or their workforce, typically based on a proportion of the salaries paid to employees.
- Understand the ideas and ramifications of diverse forms and sources of federal disbursements and levies.
- Differentiate between various types of taxes (for example, payroll tax, corporate income tax, personal income tax) and their effects.
Verified Answer
YA
Learning Objectives
- Understand the ideas and ramifications of diverse forms and sources of federal disbursements and levies.
- Differentiate between various types of taxes (for example, payroll tax, corporate income tax, personal income tax) and their effects.