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Helped older Americans pay for health care -APEX
Alexa Johnson
Anonymous
Are designed to help the elderly
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Are social security and Medicare different from social welfare?
No! Both social security, medicare, and food stamps; are all forms of social welfare.
If you accept Medicare do you not get your social security?
Acceptance of Medicare has no effect on your eligibility for Social Security.
Is medicare both paid by employees and employer?
Yes each pay the 7.65% of the social security and medicare tax amount.
Social security amd medicare are taking out of your income as taxes?
Yes. Social Security and Medicare are taken out of your income before you see your paycheck. Your employer also pays an additional Social Security and Medicare tax to your account.
How do social security and Medicare work?
Social Security provides cash payments, and Medicare provides health care, to citizens age 65 and older or permanently and totally disabled. Both programs are funded by payroll taxes.
Which taxes are paid by both the employer and employee at the same rate?
Social Security tax & Medicare tax
What is the fica taxes for 2010?
Still 6.2% for both employer & employee. Actually, that 6.2% is just for the social security tax portion of FICA. FICA consists of social security and medicare. The total FICA tax is 7.65%, which includes the 1.45% medicare tax. There is currently a limit on the social security tax portion (6.2% of $106,800--which is $6,621.60), while there is no medicare limitation.
What is Medicare sn?
It is your social security number
Is medicare an optional deduction?
Medicare, like social security is a mandatory deduction.
Medicare funds are collected by?
social security adminisration
Which is the largest entitlement program medicare food stamp social security or medicaid?
Social Security
What percentage of income do employees pay in social security and Medicare taxes?
Social security: 6.2%
