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Social Security
U.S. OASDI social insurance system funded by FICA payroll taxes and originally created by the Social Security Act of 1935
3,984 Questions
Can alimony payments stop because you cannot work and are collecting Social Security Disability?
Doubtful that condition would be in the divorce agreement. Check out the language regarding the alimony. For instance, there may be a time limit or, if your remarry it stops. To me, it would be unusual to include disability as a condition.
Why does a martial art school need your social security number?
If the school is your employer, and they are taking out Social Security taxes from your pay check then, yes they need your social security.
How do you qualify for supplemental unemployment?
If you are referring to Supplemental Security Income, you have to be aged, blind or disabled and have little or no income. It provides for bare minimum needs (food, clothing, shelter, etc.) The Related Link below gives more details on the program.
Regarding the unemployment portion of the question, you might be eligible for partial unemployment if you work part time after having a work history, that you need to qualify, among other things. You have to check with your own state's employment security department for those details.
What did Reagan do with social security?
Yes,
OK, let's get realistic. If by "raid" we simply mean that Washington has been able to "use" our payroll taxes for something other than supporting Social Security, then there might be a case to be made. The Reagan administration famously used the hike in payroll tax receipts in the 1980s - which was already scheduled in the 1977 Amendments, Reagan and Congress just moved the dates up - to compensate for the tax cuts he'd pushed through in 1981, and which had ballooned the deficit. Since then, ordinary workers' payroll taxes have essentially be used to pay for tax cuts for the affluent.
Do employers contribute to social security?
Yes, as far as I know. Military definitely pays into Social Security, so I would assume ALL government employees do.
What benefits did a scribe receive?
The scribes got to serve the pharaohs and be appreciated by the pharaohs.anyone in the social pyramid can become a scribe but the parents had to pay for you to go to scribe school and learn all of the hieroglyphics and symbols for all the Egyptian letters.
How can you find out how much you have paid into your own Social Security account?
That information is classified as personal. You may request YOUR SS statement on line. Your Social Security statement shows what earnings were taxed.
To start and see if you can find the information that you want you may have to contact your local SSA office. You can also go to the SSA.gov website and use the search box for Your earnings record
secure.ssa.gov/apps6z/isss/main.html
ONLINE
Monday through Friday - All Day (except 2:00 AM - 3:00 AM)
Saturday 5:00 AM - 11:00 PM
Sunday 8:00 AM - 10:00 PM
Holidays 5:00 AM - 11:00 PM
The Social Security Statement is a valuable document that estimates your future Social Security benefits and tells you how to qualify for those benefits.
This service allows you to transmit your request for a Social Security Statement using an online form. However, we do not send your Statement information back on the Internet. Instead, you will receive a response to your request by U.S. mail in 2-4 weeks.
What benefit the social security act provide people who were not of retirement age?
unemployment insurance
What items is not a major component of Social Security?
Civillian Conservation Corps (CCC) is not a major component of Social Security.
Can you go to prison for social security overpayment?
NO!
Over payments are usually the fault of the Social Security Administration.
You are entitled to a hearing that usually determines the fault.
Social Security does not want to pay for your prison stay.
Why are social security payments late?
Social security payments have been late the last several months because the federal government is inefficient and punitive. Obama is upset that so many people oppose the HUGE deficits his administration has caused, so he has ordered the withholding or delay of vital services, while continuing to spend billions on non-essentials.
What is deducted from a workers pay check to fund social security and medicare?
In most years, your employer will deduct the following from your paycheck:
Social Security: 6.2% of your gross pay
Medicare: 1.45% of your gross pay
However, in 2011 Obama signed into a law a "payroll tax holiday" as part of the continued effort to stimulate the economy. For 2011 only, the social security tax coming out of your paycheck is 4.2% instead of 6.2%, meaning that this year you will take home more money than you would in a "normal" year.
Your employer matches these amounts too -- they pay another 6.2% for social security, and another 1.45% for Medicare. Under the payroll tax holiday, only your portion of social security is reduced to 4.2% -- your employer is still paying 6.2% of your pay into social security for you.
Does winnings from the casino count as earned income for my social security?
Gambling proceeds are not considered earned income if you do not report the income a self-employment income. Professional gamblers report gambling as self-employment income in order to deduct travel and other expenses as well as to establish retirement accounts and show the income as a part of an ongoing source of income in order to qualify for bank loans. Recreational gambling income, including lottery winnings, are not considered earned income.
The distinction between earned income and ordinary income is for such issues as earned income tax credit and qualifying for social security benefits.
Almost any source of money, including gambling winnings, is going to be income. The money would be called unearned income in this case. Consult the SSIC office for the publications that can give you all the details.
How much does social security cost per year?
For 2008, the maximum social security tax withholding for an individual is $6,324, the tax on $102,000.
For 2009, the maximum social security tax withholding for an individual is $6,622, the tax on $106,800.
Do my spouse and I both collect our own social security benefit?
No. Your spouse can receive them and you can receive them, but you have no right to theirs.
How do you recover a lost social security number?
He will have to get info himself from ss but there are other sources you have access to like his license for example
What is full retirement age if born in 1958?
Under current law, people born in 1968 will reach full retirement age at 67, in 2035.
How much can people on social security earn before having to pay taxes?
2010 and 2011
- For a single taxpayer, If your total AGI is less than $25,000, you pay tax on 0% of your benefits.
- If your total AGI is $25-34,000, you pay tax on 50% of your benefits
- If your total AGI is above $34,000, you pay tax on 85% of your benefits
- For a married couple filing jointly, If the total AGI is less than $32,000, you pay tax on 0% of your benefits.
- If your total AGI is $32-$44,000, you pay tax on 50% of your benefits
- If your total AGI is above $44,000, you pay tax on 85% of your benefits
What state does Social security numbers start with 228?
The State identifier depends on what span of years the number was issued.
Typically, the State Identifier is where the person lived at the time (the specific date) when the Social Security Number was issued.
The Social Security Administration can tell you about your SS Number, if you cannot remember what State you lived in when you (or your parents) originally applied for your Social Security number.
Are social security benefits subject to social security taxes?
Fourteen of the 50 states tax Social Security benefits (through 2010):
Same rate as Federal Government
- Minnesota
- Nebraska
- North Dakota
- Rhode Island
- Vermont
- West Virginia
Tax Social Security based on Total Income
- Connecticut
- Iowa (Phasing out tax levy from 2008-2014)
- Kansas (Only taxed if AGI is more than $75,000)
- Missouri (Will complete phase-out in 2010)
- Montana
Adds Federally Untaxed Social Security Income back to AGI*
- Colorado
- New Mexico
- Utah
*These states apply broad age-determined income exclusions.
When did social security start?
When Did Social Security and Medicare Start?
Franklin D. Roosevelt signed the Social Security Act in August 1935. The first one-time, lump-sum payments were made in January 1937, and regular monthly benefits were first paid in January 1940. Medicare wasn't enacted until July 1965, with the first beneficiaries signing up approximately one year later.
Source: 360 Degrees of Financial Literacy
What age can you get social security born 1959?
You can file at 62, but for full social security it is now 67. I am born in 50 and just filed for mine to start in July. The social security web site is very good and you can file online and finish with a phone interview. It is very easy to do. They base your start date on your birthdate and year
Do former US Presidents who receive social security pay federal taxes?
Yes they do. They also receive a pension from their service as President equal to the pay of cabinet members, and that pension is also taxed.
Can you allow someone else to use your social security number to work?
Yes. You can work with a Social Security Card that is not yours. You will need to work under a false name. It is illegal. You will get fired as soon as the fraud is discovered. Your question is, "Can you do it." It was not, "Should you do it?"
