The Social Security System of the United States Is Based

Multiple Choice

The Social Security system of the United States is based on the pay-as-you-go principle. This indicates that funding of the benefits paid to current retirees comes primarily from

A) the income generated by the system's ownership of stock.
B) the tax payments of current workers.
C) the funds that current retirees paid into their personal savings accounts during their working years.
D) money created by the Federal Reserve system.