Explains News
How Social Security and Medicare work
:SOCIAL SECURITYWho gets benefits: More than 56 million retirees, disabled workers, spouses and surviving children of deceased workers.How it's financed: Employers and employees both pay a 6.2 percent tax on the first $110,000 of a worker's wages. Congress temporarily reduced the worker portion of the tax to 4.2 percent for 2011 and 2012, using borrowed money to make Social Security whole.Average
Explains Galleries
Explains Videos
|
|
