Question

Who contributes money to the social security trust fund?

Answer 1

Answer and Explanation: The money that funds Social Security comes from payroll taxes. Every worker in the United States has 6.2 percent of their income deducted each pay period and their employers also contribute 6.2 percent. People who are self-employed also pay the Social Security tax.

Answer 2

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The Social Security program is funded through the Federal InsuranceContributions Act (FICA) tax, a dedicated payroll tax. You and your employer each pay 6.2% of your wages, up to the taxable maximum of $128,700


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