The Social Security system is funded by contributions from both the employer and employee.

Name: The Social Security system is funded by contributions from both the employer and employee.
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Question

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The Social Security system is funded by contributions from both the employer and employee, with each contributing 6.2% (totaling 12.4%) of the employee's taxable earnings up to a maximum limit set by the Social Security Administration.

The Social Security System Is Funded by Contributions from Both