The Social Security system is
A) funded solely by employees' contributions through wages.
B) protected by the Federal Deposit Insurance Corporation (FDIC).
C) a pay-as-you-go system where those currently working support those who are retired.
D) funded by a progressive tax on income.
E) essentially, a private pension fund.
C
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What are unfunded mandates and why are they problematic? How successfully has Congress reformed the practice?
What will be an ideal response?
The fiscal year for the federal government begins on October first
a. True b. False
The Gulf Coast region is home to ___________, the state's largest city
A) ?Houston B) ?Dallas C) ?Austin D) ?San Antonio
George W. Bush came into office strongly committed to __________
a. raising the top marginal rate to 35 percent b. raising tax rates in an effort to compromise with the Democrats c. restructuring rates to just three bracketsâ€"10, 28, and 35 percent d. lowering taxes