-over the wage and salary income range of $0 to $117,00, was the social security tax regressive, progressive, or proportional. Why?-for employees who earned more than $117,000 was the social security tax regressive, progressive, or proportional? Why?-for people with income from interest and dividend payments, is the social security tax regressive, progressive or proportional? Why? -some people worry that social security will not have enough funds to cover retirees in the future. Do you think that fica tax rate or the taxable limit should be raised to cover any possible shortfalls?

clivity S Read the passage below and answer the following questions. The FICA tax is levied on employers, employees, and certain self-employed individuals. Revenue goes to Social Security and Medicare. In 2014, the employee's contribution to the retirement part of the FICA tax was 6.2 percent of the first $1 17,000 earned in wages and salaries. (Medicare is Withheld on all wages and tips.) People with income from interest and dividend payments do not have to pay any Social Security tax on this income. 1. Over the wage and salary income range of $0 to $1 17,000, was the Social Security tax regressive, progressive, or proportional? Why? 2. For employees who earned more than $1 17,000, was the Social Security tax regressive, progressive, or proportional? Why? 3. For people with income from interest and dividend payments, is the Social Security tax regressive, progressive, or proportional? Why? Some people worry that Social Security will not have enough funds to cover retirees in the future. Do you think the FICA tax rate or the taxable limit should be raised to cover any possible shortfalls? Explain your