Question 1
By law, the __________ must submit a budget proposal to Congress each February.
◦ president
◦ Office of Management and Budget
◦ Government Accountability Office
◦ Finance Committee
Question 2
How are social insurance taxes collected?
◦ Most Americans pay them with credit cards, but they can also be paid in person at local tax offices.
◦ Employees mail payments each month, and tax collectors are responsible for tracking down those who do not comply.
◦ They are collected once a year by local and state governments.
◦ They are deducted from employee paychecks and matched by the employer.