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2. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   Retired Social Security. In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3 ...

3. Social security in India - Wikipedia

   en.wikipedia.org/wiki/Social_security_in_India

   Social security in India includes a variety of statutory insurances and social grant schemes bundled into a formerly complex and fragmented system run by the Indian government at the federal and the state level. The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution reflects that India is a welfare state.

4. History of Social Security in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_Social_Security...

   The American social security system (1949) comprehensive old overview. Burns, Eveline M. Toward Social Security: An Explanation of the Social Security Act and a Survey of the Larger Issues (1936) online; Davies, Gareth, and Martha Derthick. "Race and social welfare policy: The Social Security Act of 1935." Political Science Quarterly 112.2 ...

5. What is Social Security and how does it work? - AOL

   www.aol.com/finance/social-security-does...

   Social Security is a program run by the federal government that provides income for a wide range of Americans, including retirees, the disabled and families with a deceased spouse or parent. As of ...

6. The 2023 Social Security Payment Schedule: What You ... - AOL

   www.aol.com/finance/govt-releases-2023-social...

   Payroll deduction funnels the money into each trust. In 2023, the Social Security payroll tax is 12.4 percent, but you only pay 6.2 percent of your wages. The company that employs you pays the ...

7. Here’s How the US Social Security Compares to Other ... - AOL

   www.aol.com/us-social-security-compares-other...

   While the maximum Social Security benefit as of 2023 is $4,555, very few Americans reach that lofty amount. To do so would require 35 years of earning at the maximum Social Security wage base ...

8. Social Security Wage Base - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Wage_Base

   It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit . In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1 ...

9. Federal Insurance Contributions Act - Wikipedia

   en.wikipedia.org/wiki/Federal_Insurance...

   The Federal Insurance Contributions Act is a tax mechanism codified in Title 26, Subtitle C, Chapter 21 of the United States Code. [3] Social security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one's ...