Which One of the Following Is a Wrong Belief Regarding

question 30

Multiple Choice

Which one of the following is a wrong belief regarding the Social Security System in the United States?

• A)The viability of Social Security programs has been a subject of heated debates between Democrats and Republicans across the country.
• B)The Social Security taxes paid by today's workers and their employers are used to pay the benefits for today's retirees and other beneficiaries.
• C)Social Security taxes paid by employees and their employers are held in interest-bearing accounts set aside by the federal government to meet their own future retirement income needs.
• D)The Social Security System is a pay-as-you-go system.