The Social Security Insurance Program Is Funded by

question 92

Multiple Choice

The Social Security insurance program is funded by

• A)employer contributions.
• B)Old Age, Survivors, and Disability Insurance (OASDI).
• C)employee contributions with matching employer contributions.
• D)employee contributions and general tax funds.

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Definitions:

Proportional Usage

The allocation of costs, resources, or time in direct relation to the amount of goods or services produced or consumed.

Direct Method

An accounting practice in cash flow statement preparation where actual cash flows from operating activities are listed, as opposed to the indirect method.

Support Departments

Parts of an organization that do not directly produce goods or services but provide support or services to the departments that do.

Janitorial Department Costs

Expenses relating to the maintenance and cleaning of a building or facility, typically managed by a janitorial department.