The amount of money deducted from your gross salary, supposedly put in a "lock box" for future use as a "retirement benefit" from US Govt. when one reaches the age of 62 or later. The older one is before one begins withdrawing SS, the more one should receive each month, up to your maximum input permanent retirement. If one has been married for at least ten years, gets divorced, the person with the lower SS earnings is able to collect 50% of the other spouse's SS benefits, without reducing the higher earner's benefits until the lower earner remarries. If one is on disability , SS no longer is withdrawn from disability check. One can also receive SS disability , should one qualify. That amount is then deducted from one's company's disability payments, but is no taxable, like income from work disability.
Social Security (FICA) taxes are withheld from your gross (before tax) salary.
Social Security is a federal program. It is a federal "tax" not a state tax.
Yes.
No. FICA taxes (Social Security, Medicare, etc) are only paid on earned income.
Social security: 6.2%
are taxes taken out of socisl security checksbefore recievingthem
no
Social Security Taxes, FICA, and medicare are payroll taxes.
Presumably the question is about U.S. Social Security taxes. Social Security taxes (commonly referred to as FICA taxes) are taken out of your earnings each time you receive a paycheck. This rule applies even if the employee is already receiving Social Security benefits. However, by continuing to work, future Social Security benefits may be increased to take into account the additional earnings.
Yes
They are without taxes.
Social Security Taxes