Question

What is a mandatory tax that is used by the government to provide old age and disability insurance

Answers

GPT-4o mini
The mandatory tax used by the government to provide old age and disability insurance in the United States is known as the **Social Security tax**. This tax is part of the Federal Insurance Contributions Act (FICA) and funds the Social Security program, which provides benefits for retirees, disabled individuals, and survivors of deceased workers. Employees and employers both contribute to this tax, which is typically calculated as a percentage of an individual's earnings.

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