Business / Taxes / Social Security: Social Security is a federal government program designed to provide income for qualifying retired people, their dependents, and disabled people who meet the Social Security test for disability. You qualify for retirement benefits if you have had at least the minimum required payroll tax withheld from your wages for 40 quarters, the equivalent of 10 years. The minimum for each quarter is set by Congress and increases slightly each year. You earn credits toward disability coverage in the same way. The amount you receive in Social Security retirement benefits, up to the annual cap, is determined by the payroll taxes you paid during your working life, which were matched by an equal tax paid by your employers. Some of your benefit may be subject to income tax if your income plus half your benefit is higher than the ceiling Congress sets.
Security Verb Synonyms: safety, shelter, protection, fastness, refuge, safe keeping, sanctuary, asylum
Social Noun Synonyms: communal, community, common, collective, group, public, popular, societal
Social Adjective Synonyms: sexual, sexually transmitted, venereal
Business / Human Resources (HR) / Social Security Card: A card issued by the Social Security Administration displaying an individual’s full legal name and social security number assigned to the individual. MORE
Business / Finance / Socially Conscious Mutual Fund: Program financed by the Social Security tax to provide assistance to disabled individuals with disabilities expected to last at least one year, to compensate for lost income. MORE