Question

Which step is the first one in the Social Security process?
a. investment
b. payout
c. retirement
d. payroll tax

Answer 1

Answer:

d. payroll tax

Explanation:

Although the term is known, not everyone knows what Social Security is. Well, Social Security is a social insurance in which the worker participates through monthly contributions through the payroll tax. The benefit of this contribution is to guarantee the insured worker an income when he can no longer work - that is, retire. In other words, social security is the public system that guarantees workers' pensions.

Answer 2

Answer:

payroll tax

Explanation:

• The tax which is charged or with held with the employee after his retirement is called payroll tax .
• Payroll taxes must be paid on wages and tips earned and salaries to employees.