How long do you have to pay into social security?
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Yes, this is an American way of trying to keep the elderly taken care of.
Yes, if your combined income is high enough up to 85 percent ofyour social security is taxable. To calculate your combined incometake your adjusted gross income and add nontax…able interest andone-half of your total social security benefits.
Forever - unless you have some sort of exemption.
Yes, they do if there are employed they are deducted from their paycheck
It can take up to a year, but the first back pay check should arrive within 60-90 days after you have been approeved. It should all take about 6 months to start the ben…efits i am not sure about the back pay hope this helps....
That depends on what kind of coverage you elect. Medicare Part A (hospitalization) is paid out of the FICA contributions you made during your working years, so there is no …cost to you when you retire or become disabled. Medicare Part B (government-administered outpatient, doctors' visits, etc.) costs $110.50 per month in 2010 and 2011, or Medicare Part C (Medicare Advantage Plans, run by private insurance companies) costs $110.50 and up. Medicare beneficiaries may choose either Part B or Part C or neither, but not both. Medicare Part D (government-subsidized drug benefit) costs vary from less than $20 per month to $130 per month or more, depending on coverage offered. Many Medicare Advantage Plans provide at least some drug coverage. If you decide to carry Medicare Parts B, C, or D, the monthly premium(s) is/are deducted from your benefit check. Many low-income individuals qualify for government subsidies to pay part or all of Parts B and D coverage.
You stop making FICA contributions (Social Security, Medicare, etc.) when you are no longer earning wages, or if you are being paid by an entity not required to withhold these… taxes from your paycheck (non-profit agencies, certain state and local government bodies, etc.), unless they do so voluntarily. Most people, including those already drawing benefits, pay into Social Security as long as they continue working, regardless of age.
The taxes that you are paying now for for the social security and medicare insurance program are being used to pay for the benefits that the current beneficiaries are receivin…g at this time and also some of the amount is being put into a trust fund that has some government assets for use in the future for your insurance benefits.
Social Security doesn't pay for any medical care. Medicare will pay for group care for a limited period when necessary for rehabilitation.
they only do if they feel the need of extra security or pretection. Its like extra safty precautions
Social Security is deducted from a worker's paycheck by their employer.
In Income Taxes
Read the part in your tax guide that has a simple equation for determining the the amount of social security to report. It is a small fraction of what you actually receive tha…t you need to report as income.
While the Internal Revenue Service (IRS) states that churches are tax-exempt, it doesn't necessarily follow that employees of churches are excused from filing income taxes. Pr…iests and nuns in the Catholic Church are considered employees, or sometimes "self-employed ministers," and report their compensation as income. IRS, Publication 501 states people must file a return if they had "wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security and Medicare taxes." This would mean Catholic priests and nuns file on April 15 like everyone else. Some nuns in religious communities take vows of poverty. In exchange for giving up their worldly possessions to the religious order, they're provided with shelter, food, and clothing. Since the order doesn't pay them a salary, these people do not file income tax returns.