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What else can I help you with?
Are Social Security Taxes on employees or employers?
Both. Employers and employees contribute an equal percentage of the employee's income to Social Security.
Do Employers and employees both have to contribute equal amounts o money into the Social Security Trust Fund?
Yes that is correct.
What is required by law for each individual social security account?
employers and employees both have to contribute equal amounts of money into the Social Security Trust Fund
What is the primary goal of social security?
the people and employers
Do retirees contribute to social security?
NO
Do employers usually check your social security number before they hire you?
No, employers are required to check Social Security numbers.
How are social security retirement paid for?
taxes on employers and employees.
Can you contribute to a 401k and still collect social security?
Yes, you can contribute to a 401(k) and still collect Social Security benefits. Your 401(k) contributions do not affect your eligibility for Social Security benefits.
How do employers check your employment?
Employers that have salaried employees have to be registered with the Social Security administration as an employer - this gives limited ability to access an applicants social security returns - which will have a basic employment record.
What act created a tax on workers and employers?
Social Security Act
What are social security and medicare financed by?
Payroll taxes on employers and employees.
Is there a law that requires employers to verify employees social security numbers?
Yes, all employers are required to get a Social Security Number and validate the citizenship of all employees. Even minors have to provide proper information.
