15
QuizMultiple Choice

Taxes

Question 15 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

A federal payroll tax that supports retired workers is

Answer
A
progressive tax.
B
sales tax.
C
corporate tax.
D
social security tax.

Explanation

Social Security tax is a federal payroll tax that helps fund retirement benefits for eligible workers. It is withheld from workers’ paychecks, with employers also contributing. The correct choice is social security tax.

AI-written and checked against the verified answer.

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