Multiple Choice
Both Social Security and Medicare are pay-as-you-go programs. This means that
A) current taxpayers fund the benefits that are currently paid out.
B) future beneficiaries contribute to a pool of funds today that will be used to pay for their benefits in the future.
C) the government sets money aside funds for the benefits, which will be tapped as needed.
D) beneficiaries pay for the programs as they enter into them.
Correct Answer:
Verified
Correct Answer:
Verified
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