Federal Contributions Act Tax

AKA: Social Sercurity

What is social security?

Social security was developed in 1935 and was made for those starting at the age of 62 and a later age of 67 to access. This mainly includes retirement income and is based on the average wage earned over the worker's lifetime.
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What benefits do employees receive?

  • Retirement income
  • Disability income
  • Medicare and Medicaid
  • Death and Survivor ship benefits
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Options for employees

  • Fringe benefits
  • Retirement plan Contribution
  • Stock options
  • Restricted Property