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Ben and Jack both earned $60,000 this year. Ben (age 30) is married with two children, and Jack (age 68) is single with no dependents. Which of the following is true regarding the amount of Social Security taxes they will pay?
a. They will pay the same amount of Social Security taxes.
b. Ben will pay less Social Security taxes because he is married.
c. Jack will pay less Social Security taxes because he is single.
d. Jack will pay less Social Security taxes because he is over age 65.
e. Ben will pay less Social Security taxes because he has children.

Respuesta :

Answer:A. They will pay the same amount of Social Security taxes.

Explanation:Social security act is an act originally signed into law by the formal president of the United States of America known as President Franklin Roosevelt in the year 1935.

The social security is funded through an employee tax scheme known as FICA(Federal Insurance contribution act) and through private personal contributions known as SECA(Self employed contribution act).

BOTH JACK AND BEN WILL THE SAME AMOUNT OF SOCIAL SECURITY TAX AS SOCIAL SECURITY TAX IS PAID BASED ON THE AMOUNT EARNED.