Ask Question
9 July, 10:25

Describe: How are the Social Security benefits of today's retirees funded?

+2
Answers (1)
  1. 9 July, 14:05
    0
    They're funded by payroll taxes on people who are currently working. Basically, payroll taxes are deducted from the employee's wages and then transferred to tax agencies. This is what funds retirees benefits
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Describe: How are the Social Security benefits of today's retirees funded? ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers