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All of the following statements regarding the Social Security system are correct EXCEPT: the law allowing...

All of the following statements regarding the Social Security system are correct EXCEPT:

the law allowing Social Security taxes to be deducted from workers' paychecks is the Federal Insurance Contributions Act

the federal Old-Age and Survivors Insurance Trust Fund pays retirement and survivors benefits

the two Medicare trust funds are the federal Hospital Insurance Trust Fund for Part A, and the Supplementary Medical Insurance Trust Fund for Part B

the Medicare trust funds are not expected to be exhausted anytime in the foreseeable future

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Answer #1

All of the following statements regarding the Social Security system are correct EXCEPT: -  the Medicare trust funds are not expected to be exhausted anytime in the foreseeable future.

Due to sluggish economy, the Medicare trust funds might get depleted in the near future.

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