BUSINESS ADMINISTRATION
OFFICE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social Security’s Old-Age, Survivors, and Disability Insurance and Medicare’s Hospital Insurance are financed primarily by employment taxes.
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True
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False
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Explanation:
Detailed explanation-1: -Yes. The Federal Insurance Contributions Act, or FICA, requires that wage earners contribute a portion of their earnings to fund the Social Security and Medicare programs.
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