Which of the Following Statements About the Financing of the Social

question 25

Multiple Choice

Which of the following statements about the financing of the Social Security programs is (are) true?
I.Although the self-employed pay an OASDI tax rate that is twice the employee rate,they are allowed certain deductions that reduce the effective tax rate.
II.The earnings base on which OASDI taxes are paid increases annually based on changes in average wages in the national economy.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Feasibility Report

A document that assesses the practicality and potential success of a proposed project or solution.

Functional Patterns

Repeated behaviors or practices that serve a specific purpose or function within a larger system or context.

Physical Arrangement

The organization and layout of physical spaces or objects.

Justification Reports

Documents that provide reasons and evidence to support particular actions or decisions.