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What set of the taxes is used by the federal government to support Social Security and Medicare programs?

The federal government uses the Federal Insurance Contributions Act (FICA) taxes to fund Social Security and Medicare programs. FICA consists of two components: a payroll tax for Social Security, which is 6.2% of earned income up to a certain limit, and a Medicare tax of 1.45% on all earned income, with an additional 0.9% tax on high earners. These taxes are collected from both employees and employers, contributing to the financial support of these vital social programs.


The federal government uses income taxes to?

To pay all of the necessary expense of operating the services and programs that are administrated by the federal government.


What level of government uses income taxs?

Federal, state, and local all get some of the taxes for everything.


Where does the money come from that your government uses to find highway projects and other federal programs?

from taxes from innocent peoples


Is fiscal policy when the government uses government spending and taxes to affect economic performance?

Yes. :)


Federal authority is...?

whenthe government uses its power to enforce laws


What level of government uses money collected from taxes to pay for fire and police protection?

Usually local government.


The way the government uses taxes and spending to stabilize the economy is called what?

Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.


The way the government uses taxes and spending to stabilize the economy is called .?

Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian Economics.


What is a 1040 tax form, exactly?

The 1040 tax form is a form the government uses to calculate how much taxes a person needs to pay or taxes the government owes back to someone. It uses equations from your income, charitable donations, and assets.http://en.wikipedia.org/wiki/IRS_tax_forms


What is the government uses taxes?

Use taxes are part of sales tax in some states only. If you mean what do they Use taxes for- public programs, schools, police, fire, etc. etc.


One thing that the federal government pays for with your tax dollars is?

The federal government uses our tax dollars to pay all of its thousands of employees, including those in military service.