All of the following statements regarding the Social Security system are correct EXCEPT: the law allowing Social
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Question:
All of the following statements regarding the Social Security system are correct EXCEPT:
- the law allowing Social Security taxes to be deducted from workers' paychecks is the Federal Insurance Contributions Act
- the federal Old-Age and Survivors Insurance Trust Fund pays retirement and survivors benefits
- the two Medicare trust funds are the federal Hospital Insurance Trust Fund for Part A, and the Supplementary Medical Insurance Trust Fund for Part B
- the Medicare trust funds are not expected to be exhausted anytime in the foreseeable future
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
Posted Date: