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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
How do you increase charisma in social life?
In the game "Social Life", you need to purchase a radio or guitar. (I think any musical intrument will do.) Then you must composeor choreograph in order to attain charisma. The amount of chrisma you need depends on the amount of energy you spend. If you use enough energy you become highly experienced, which levels up your charisma.
Is asking for Social Security number legal before you are hired?
Yes, it is "legal" to ask for your social security number. And it is legal because it is NOT against the law to do so. What may or may not be legal, in some cases, is to ask someone to provide a social security number as a requirement to have access, for instance, to a benefit to which that same person is entitled by law.
Admitting to a mistake is especially likely to draw positive benefits if it is coupled with what?
The answer is A. An offer to rectify the situation
How much are you allowed to work and make if you take retirement at 62 years?
Working when receiving social security benefits is covered by a FAQ on the government site www.ssa.gov.
link: http://ssa-custhelp.ssa.gov/cgi-bin/ssa.cfg/php/enduser/std_adp.php?p_faqid=236&p_created=957878244&p_sid=C2nV7Ckj&p_accessibility=0&p_redirect=&p_lva=&p_sp=cF9zcmNoPTEmcF9zb3J0X2J5PSZwX2dyaWRzb3J0PSZwX3Jvd19jbnQ9NTc2LDU3NiZwX3Byb2RzPSZwX2NhdHM9JnBfcHY9JnBfY3Y9JnBfcGFnZT0x&p_li=&p_topview=1
The Social Security website has a chart. http://www.socialsecurity.gov/retire2/retirechart.htm Born 1937 or earlier, then full benefits at 65 years old. Born 1943-54, then full benefits at 66 years old. Born 1960 or later, then full benefits at 67 years old. If you were born between 1938-42, then full benefits start at an age like 65 years and 2 months, or 4 months, or 6 months, etc.... depending on the year you were born. Ditto 1955-59. Here's another useful page from Social Security: http://www.socialsecurity.gov/retire2/
Filing taxes and receiving social security retirement?
Answer
Hi,
Whether or not you are over 65 you have to file a tax return if your income exceeds the total of your standard deduction and your personal exemption. Assuming you are single and over 65 for 2007 your standard deduction is $6,650 and your personal exemption is $3,400 or a total of $10,500. If your income other than social security exceeds that amount, you are required to file a tax return.
Up to 85% of social security benefits can be taxable depending upon the amount of your other income. If you are single and the total of half of your social security plus all your other income exceeds $25,000, some of your social security is taxable.
Let me know if you have any questions.
Regards,
Carole http://en.allexperts.com/q/Tax-Law-Questions-932/Social-Security-Filing-Taxes.htm
What is a benefit of the shared responsibility for change approach?
These approaches emphasizing shared responsibility usually take longer to implement but result in more commitment from all levels of the organization and more successful integration of the change into the work processes.
What is social security max 2009?
The Social SecurityAdminstration issued the inflation adjusted FICA base for 2009; it will be $106,800. That means an employee's 6.2% FICA tax for 2009 will top out at $6,621.60. The 1.45% Medicare component has no wage limit. Employers pay a matching tax. Self-employed taxpayers pay both sides of the FICA tax through their self-empoyment tax.
How will mineral rights lease payments affect your social security benefits?
The amount of money an individual received from Social Security depends upon his past earnings. It is supposed to help pay for their food, rent and other needs and other earnings from other sources should not affect your social security benefits. If in doubt contact your local Social Security Office
The answer to your question should be, it will not affect your social security benefits
there had been a substantial increase in the number of illegal aliens setting in the US.
Social Security disability insurance (SSDI) is available to an ill/injured worker who hasn't been able to work for more than a year because of the illness/injury. Generally, if SSDI is your only source of income, they probably aren't taxable.
The rules for the taxability of SSDI benefits are the same as those for regular Social Security benefits. A quick check is that it's taxable if your other taxable income plus half of SSDI total more than $25,000 for Single filing status ($32,000 for Married Filing Jointly).
For more information, go to www.irs.gov/formspubs for Publication 915 (Social Security and Equivalent Railroad Retirement Benefits).
What survivor benefits does social security provide to minors?
You can find some of this information available by going to the SSA gov website SOCIAL SECURITY BENEFITS ONLINE and at the top choose SURVIVORS or you can use the search box.
If you are the unmarried child under 18 (up to age 19 if attending elementary or secondary school full time) of a worker who dies, you also can be eligible to receive Social Security survivor benefits.
Can you draw at the age of 64 if you were born after 1943?
Yes, you can draw at the age of 64 if you were born after 1943. Age does not determine one’s ability to draw; rather, it depends on individual skill, practice, and interest in the activity. Many people continue to explore and develop their artistic talents later in life, regardless of when they were born.
Are parolees eligible for social security due to being incarcerated?
According to the social security website, the fact that a person has just been released from prison does not constitute him as disabled and he is therefore not eligible for benefits. (FYI, if he is physically or mentally disabled and incarcerated he may qualify and even be able to apply for benefits as he nears his release date.) Hope this helped.
http://www.ssa.gov/pubs/10133.html
Who is exempt from paying taxes on Social Security benefits?
If you are retired and Social Security benefits are your only source of income, you will need to file, but generally will not be taxed. If you received income from sources other than Social Security, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status.
- For a single taxpayer the base amount (cap) is $25,000.
- If your total AGI is $25-34,000, you will pay tax on 50% of your Social Security benefits
- If your total AGI is above $34,000, you will pay tax on 85% of your benefits
- For married couples filing jointly, the base amount is $32,000
- If your total AGI is $32-$44,000, you will pay tax on 50% of your Social Security benefits
- If your total AGI is above $44,000, you will pay tax on 85% of your benefits
Can you receive Social Security benefits if your spouse is in prison in the state of Louisiana?
Social Security eligibility is regulated by federal, not state, law.
If you are already receiving Social Security benefits when your spouse becomes incarcerated, your benefits will continue, but any benefit that was payable to your spouse will stop. If the incarcerated spouse's checks or direct deposit continue after 30 days in jail or prison, you will have to return the money to the Social Security Administration.
If you were not receiving Social Security benefits prior to your spouse becoming incarcerated, you will not be eligible to file until he (or she) is released from prison.
This is a general rule to which there may be some exceptions. It would be wise to call the Social Security Administration at 1-800-772-1213 and explain your situation to a representative.
Can a creditor take part of your social security?
NOT just any creditor is allowed to do this.
There are a number of circumstances in which the Federal government can garnish Social Security benefits. They include:
- To enforce child support or alimony obligations under Section 459 of the Social Security Act;
- Internal Revenue Service (IRS) can levy against benefits to collect unpaid Federal taxes according to Section 6334(c) of the Internal Revenue Code;
- IRS can collect taxes due by levying up to 15 percent of a monthly benefit until the debt is paid;
- IRS allows beneficiaries to have a portion of their check withheld to satisfy a current year Federal income tax liability according to Section 3402 (P) of the Internal Revenue Code;
- Other Federal agencies can collect money from benefits to pay a non-tax debt owed to that agency according to the Debt Collection Act of 1996 (Public Law 104-134); and
- Under the Mandatory Victim Restitution Act, certain civil penalties provide the right to garnish benefits under 18 USC 3613.
Section 207 of the Social Security Act (42 U.S.C. 407) protects Social Security benefits from assignment, levy, or garnishment. However, the law provides five exceptions:
· Section 459 of the Act (42 U.S.C. 659) allows Social Security benefits to be garnished to enforce child support and/or alimony obligations;
· Section 6334 (c) of the Internal Revenue Code (26 U.S.C. 6334 (c)) allows benefits to be levied to collect unpaid Federal taxes;
· Section 3402 (P) of the Internal Revenue Code allows beneficiaries to elect to have a percentage of their benefits withheld and paid to the Internal Revenue Service to satisfy their Federal income tax liability for the current year;
· The Debt Collection Act of 1996 (Public Law 104-134) allows benefits to be withheld and paid to another Federal agency to pay a non-tax debt the beneficiary owes to that agency: and
· The Tax Payer Relief Act of 1997 (Public Law 105-34) authorizes the Internal Revenue Service to collect overdue federal tax debts of beneficiaries by levying up to 15 percent of each monthly payment until the debt is paid.
The Social Security Administration's responsibility for protecting benefits against legal process and assignment usually ends when the beneficiary is paid. However, once paid, benefits continue to be protected under section 207 of the Act as long as they are identifiable as Social Security benefits using normal banking practices. For example, only social security benefits are deposited into a particular bank account.
If a creditor tries to garnish your social security check, inform them that unless one of the five exceptions apply, your benefits can not be garnished. You also may want to provide this same information to your financial institution and seek legal assistance if you believe it is needed.
NOTE: Supplemental Security Income payments cannot be levied or garnished.
Go to the SSA.gov website and use the search box for GARNISH SOCIAL SECURITY
or you can use the below Related Link website address
How can you get a copy of your Social Security benefits for years worked?
You can request a statement from the Social Security Administration online or by visiting your local Social Security field office (online is much faster).
See Sources and Related Links to access the request form.
Telephone Number: 410-965-1234 comes back to: Social Security Administration
6401 Security Boulevard
Baltimore, MD 21235
Ref: http://crowley.house.gov/wizard/executive.htm
Is social security number required when buying cashier check?
If you are bringing more than $10,000 in cash (US or foreign cash, which does not include any kind of check or electronic transfer) to a bank for any reason, including to buy a cashiers check, in one or more related transactions, the bank must file a Currency Transaction Report (CTR) which includes your Tax ID number (SSN for most people). You can see a copy of the report here:
http://www.irs.gov/pub/irs-pdf/ffc104.pdf
Since the rules about "related transactions" and evading the reporting requirements are so nebulous, banks often report somewhat smaller amount to be on the safe side.
And a bank is required to file a Suspicious Activity Report for a transaction of any size that they deem to be suspicious. They need an SSN for that, too.
Other than that, there is no law requiring them to gather SSNs for cashiers checks. However, they are free not to do business with you if you refuse to cooperate and you are free to go somewhere else if they make unreasonable requests.
There is a lot of misinformation about the reporting requirements. The reason is that banks and casinos are subject to different rules than any other type of business. You will often read on the web (and elsewhere) claims that banks must report any transaction greater than $10,000. That is not true. Only currency transactions (not checks, not money orders, not wire transfers) need to be reported, unless they are a suspicious transaction. Rules for some other types of businesses require a broader range of transactions to be reported.
