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How is Social Security funded? Donations by philanthropists Taxes withheld from employees Service charges on mobile apps Sales of multi-state lottery tickets

Pergunta

How is Social Security funded?
Donations by philanthropists
Taxes withheld from employees
Service charges on mobile apps
Sales of multi-state lottery tickets

How is Social Security funded? Donations by philanthropists Taxes withheld from employees Service charges on mobile apps Sales of multi-state lottery tickets

Solução

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MiriamProfissional · Tutor por 6 anos

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'B'

Explicação

## Step 1<br />The Social Security program is a federal program in the United States that provides benefits to retired or unemployed individuals. The funding for this program comes from taxes withheld from employees' salaries.<br /><br />## Step 2<br />The Social Security program is funded through a dedicated payroll tax, known as the Federal Insurance Contributions Act (FICA) tax. This tax is deducted from an employee's paycheck and is used to fund the Social Security program.<br /><br />## Step 3<br />The other options provided, such as donations by philanthropists, service charges on mobile apps, and sales of multi-state lottery tickets, are not the primary sources of funding for the Social Security program.
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