asked 162k views
2 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

1 Answer

2 votes

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.

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