Which of the Following Is True of Social Security

question 57

Multiple Choice

Which of the following is true of Social Security?

• A)The Social Security system operates like a savings account.
• B)Current Social Security contributions are used to pay past and future Social Security claims.
• C)An employee must pay taxes into the Social Security fund,and the employee's employer must pay a matching amount.
• D)Self-employed individuals are exempt from making contributions to the Social Security system.

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