Social Security contributions are
A) a voluntary dollar amount that people contribute towards Social Security.
B) entirely paid by your employer.
C) mandatory taxes partially paid out of workers' wages and salaries.
D) collected only from people earning more than $120,000 a year.
A current concern about Social Security is that
A) funds set aside by past generations to pay benefits for future generations are growing too rapidly and may trigger inflation.
B) promised benefit payouts are growing more rapidly than likely sources of revenues, indicating a future inability to keep the system operating.
C) continued political bickering between the president and Congress could lead to an end to any funding of the program.
D) the payroll taxes used to fund the program are being eliminated as part of an effort to generate employment increases, thus leaving the program bankrupt.
Current concern about Social Security is that
A) the fund is growing too rapidly and would trigger inflation.
B) the fund might be depleted before long and might not be there for workers who retire later.
C) the government is planning to phase out the program.
D) none of the above
Ultimately, the real burden of paying for Social Security benefits will be paid for by
A) taxes levied on workers.
B) Social Security trust fund bonds.
C) new federally issued Treasury bills.
D) a new tax levied on businesses.