Question
Payment for Social Security is made through payroll taxes. The Social Security Administration provides benefits to elderly and disabled people, as well as their dependant
Payment for Social Security is made through payroll taxes. The Social Security Administration provides benefits to elderly and disabled people, as well as their dependant spouses and children (Social Security). Payroll taxes, which are deducted from employees' paychecks to fund the program, are used to fund it. Social Security benefits for the aged and handicapped are funded by payroll taxes. The program is also supported by interest earnings from the Social Security trust fund.
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
13th Edition
0133791009, 978-0133791006
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