Which taxes levied on employers and employees pay for federal programs such as Social Security? A. Payroll taxes
B. Property taxes
C. Income taxes
D. Capital gains taxes
Which taxes levied on employers and employees pay for federal programs such as Social Security?
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The correct answer is A. Payroll taxes.
Payroll taxes are specifically levied on both employers and employees to fund federal programs like Social Security and Medicare. These taxes are deducted from employees’ wages and matched by employers, making them a significant source of revenue for these social programs. If you have more questions or need further clarification, feel free to ask!