Which administration collects taxes from workers to pay benefits and living expenses persons covered under program when they retire?

1 answer

Answer

1003798

2026-07-15 10:56

+ Follow

The Social Security Administration (SSA) collects taxes from workers through the Federal Insurance Contributions Act (FICA). These taxes fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors of deceased workers. The collected funds are used to pay living expenses and benefits to those covered under the program when they retire.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.