Asked by
Brett Lorscheider
on Nov 17, 2024
Verified
The federal government uses the revenue from the FICA (Federal Insurance Contribution Act) tax to pay for
A) unemployment compensation.
B) the salaries of members of Congress.
C) Social Security and Medicare.
D) housing subsidies for low-income people.
Social Security
A government program that provides financial assistance to retirees, disabled workers, and their families.
- Clarify the principle of payroll taxes and the manner in which they are divided among employers and employees.
Verified Answer
MC
Learning Objectives
- Clarify the principle of payroll taxes and the manner in which they are divided among employers and employees.