social security tax

Government retirement withholding

Social security tax is a payroll tax in the United States that funds the Social Security program, which provides retirement, disability, and survivor benefits.

Employers and employees each pay a percentage of wages, while self-employed individuals pay both portions.

My first paycheck was smaller than expected after social security tax was withheld.

Related

full retirement age · benefits · wages · deduction · pay stub · take-home pay · earnings · tax bracket · pension · cost of living · disability · safety net · elderly · old age · government · paycheck · direct deposit · employer

Categories
Opposites
mandatory vs. voluntary savings/retirement funding

social security taxvoluntary contributions

Freely offered gifts

personal savings · emergency fund

tax/contribution vs. benefit/payout

social security taxsocial security benefits

Government retirement income program

retirement benefits · retirement income

public vs. private retirement systems

social security taxprivate pension

Self-arranged retirement income

IRA contributions · individual retirement account

Family

social, security, society, societal, socialize, socialization, socialite, socialism, socialist

Familiarity
Top 200,000
Profile
Mostly American · Timeless · Abstract · Negative · Rated G