Sapling Learning Which of the following statements about social insurance taxes

Question

Sapling Learning Which of the following statements about social insurance taxes is FALSE? Taxpayers are guaranteed to pay less in social insurance taxes than they pay in income taxes. In the United States, the amount of social insurance taxes taxpayers O O must pay has increased in recent years. Social insurance taxes are also known as "payroll taxes." Wages are taxed to provide social insurance in the form of an unemployment insurance system Social insurance taxes fund Social Security and Medicare. O

Explanation / Answer

Taxpayers aren't guarenteed to pay payroll taxes less than that of the the usual income tax they pay every time. Therefore, in this regard they directly depend on the salaries of the person where the the former one are partly paid by the employer while the latter is paid by the employee. However, there need not be any restriction that income tax is more than the payroll ones. Therefore statement one is false.

Hence (1) Taxpayers are guarenteed to payless in social insurance taxes than they pay in income taxes is the answer

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