Answered

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Which statement best describes the Social Security retirement program?

A. It is managed by the federal government but funded by employees and employers.
B. Social Security is a privately managed bond program.
C. It is a retirement program where workers can choose to join or opt-out for a private program instead.
D. Social Security provides guaranteed retirement benefits for anyone who has been employed for at least one year.

Sagot :

GinnyAnswer

Final answer:

Social Security in the United States is a government-run retirement program funded by employees and employers through payroll taxes.


Explanation:

Social Security in the United States refers to the federal Old-Age, Survivors, and Disability Insurance (OASDI) program, primarily funded through payroll taxes. It provides monetary benefits to retirees, their spouses, surviving dependent children, and disabled workers. Social Security is a government-run retirement program managed by the federal government and funded by employees and employers through payroll taxes.


Learn more about Social Security retirement program here:

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