Workers and employers pay for the Disablity Insurance program with part of their Social Security taxes. Each workers and employers pay a Social Security tax that is 6.2% of workers earnings up to a cap of $110,100 in 2012. The cap is adjusted each year to keep pace with average wages. Of the normal 6.2%, 5.3% goes to pay for Social Security retirement and survivor benefits and 0.9% pays for disability insurance. The combined tax paid by the workers and employers for disability insurance is 1.8% of wages, while the combined tax for retirement and survivor benefits is 10.6%, for a total of 12.4%.
Individuals suffer from accidents every single day. Whether it is at home or in the food market, you can be...
Not all legal transactions are personally entered into by a person. Some of these transactions are through an agent known...
If you want to be one of those who were wise to disguise their names as owners to their real...