Asked by Jaynese Jones on Jul 21, 2024
Verified
Social Security is mainly financed by ________.
A) FICA
B) ERISA
C) FLSA
D) FMLA
FICA
Federal Insurance Contributions Act; a U.S. law that requires a payroll tax on both employees and employers to fund Social Security and Medicare.
Social Security
A government program providing economic assistance to people with an inadequate or no income.
- Comprehend the federal labor statutes, which cover guidelines on wages, hours of work, and anti-discrimination practices, as well as the methods for enforcing these regulations.
Verified Answer
CJ
Caleb JamiesonJul 23, 2024
Final Answer :
A
Explanation :
Today,the law requires that employers help ensure their employees' financial security after the employment ends.One example is the federal Social Security system.Social Security mainly is financed by the Federal Insurance Contributions Act (FICA).
Learning Objectives
- Comprehend the federal labor statutes, which cover guidelines on wages, hours of work, and anti-discrimination practices, as well as the methods for enforcing these regulations.
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