Social Security Payments Are Made Up of Social Security Taxes

question 8

True/False

Social security payments are made up of Social Security taxes and Medicare taxes.

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Definitions:

Prospectus

An official document that a company issues to potential investors detail the offering of securities for sale, providing financial data, and disclosing risks.

Securities Act of 1933

A U.S. federal law enacted to ensure transparency and fairness in the securities market, requiring that investors receive significant information regarding securities being offered for public sale.

Due Diligence Defense

A legal defense whereby the defendant can avoid liability by proving that they took all possible steps to avoid committing an offence.

Registration Statement

A formal document filed with regulatory authorities that provides details about an investment offering for sale to the public, often associated with securities.