Which type of tax is used to finance the Social Security program in the United States?
A)consumption tax
B)income tax
C)payroll tax
D)property tax

Question

Quizplus · Accepted Answer

The Social Security program in the United States is financed through payroll taxes, which are taxes levied on employers and employees based on the wages or salaries earned by employees. This tax is specifically earmarked for Social Security and is separate from income taxes, which are used to fund other government programs and services.

Which Type of Tax Is Used to Finance the Social