What Is the Main Source of Funding for Social Security

question 130

Multiple Choice

What is the main source of funding for Social Security?

• A)Private donations
• B)Payments by workers
• C)Investments in foreign companies
• D)Fees paid by insurance companies

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Definitions:

Liabilities

Financial obligations or debts owed by a business or individual to creditors.

Revenue Earned

Income a company receives from its normal business activities, usually from the sale of goods and services to customers.

Financial Statements

Documents that summarize the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the financial reporting process.