Which of the following statements applies to the Social Security program?

A) Benefits are paid on the basis of need.
B) It provides cash assistance and services to families with dependent children.
C) It is financed by payroll taxes on employees and employers.
D) Benefit levels vary throughout the nation because the system is administered by the individual states.

Social Security Program

A government program that provides financial benefits to retirees, disabled workers, and survivors of deceased workers.

Payroll Taxes

Taxes imposed on employers and employees, usually calculated as a percentage of the salaries that employers pay their staff.

Cash Assistance

Financial aid provided in the form of liquid funds to individuals or families in need, often by governmental or charitable organizations.