Respuesta :
To pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute is a true statement.
Contributions must be made by employers, employees and the unemployed to pay for social security programs administered by the Social Security Administration. Tax rates may increase annually to provide adequate funding for OASDI programs. Employer and employee are each required to contribute 7.65% to his FICAS. For the self-employed, this amount is typically doubled, or 15.3%.
What is Social insurance ?
Generally speaking, the word "social insurance" refers to a mandatory public insurance program that was created to safeguard people against a variety of financial risks (such as losing their income due to illness, old age, or unemployment).
The main purpose of social insurance as a kind of social welfare is to provide protection against the negative impacts of economic uncertainty. The government may provide the insurance, or private insurance firms may pay for it.
The loss of income due to illness, old age, or unemployment is one of the many financial hazards that social insurance, a type of obligatory public insurance, protects against.
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