Question 4 (Multiple Choice, Worth 5 Points)

How is Social Security funded?

A. Capital gains taxes paid by individuals
B. Income taxes paid by workers and employers
C. Sales taxes paid by individuals and corporations
D. Property taxes paid by individuals



Answer :

Final answer:

Social Security is funded through income taxes and payroll taxes paid by workers and employers.


Explanation:

Social Security is funded primarily through income taxes paid by workers and employers, as well as payroll taxes that include Social Security tax and Medicare tax. These taxes contribute significantly to the federal government's revenue, with individual income taxes and payroll taxes making up a substantial portion of the funding.


Learn more about Social Security funding sources here:

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