Which of the following statements about the Social Security tax is not true?

A) It is a progressive tax.
B) It came into existence in 1935.
C) It is imposed on employers and employees.
D) It is a payroll tax.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Payroll Tax

Dues collected from employees or employers, calculated by taking a fraction of the pay employers give to their workers.