deductions to social insurance

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• Social Security tax — A portion of the FICA (Federal Insurance Contributions Act) tax that is 12.4% of an individual s net earned income. The employee s share of the Medicare tax is 6.2% of wages up to a certain limit (called the Social Security Wage Base) that… …   Law dictionary

• Retirement Insurance Benefits — (abbreviated RIB [ [http://www.ssa.gov/glossary.htm#R http://www.ssa.gov/glossary.htm#R] ] ) or Old age Insurance Benefits [ [http://www.ssa.gov/OP Home/ssact/title02/0202.htm Social Security Act Title II § 202] ] are a form of social insurance… …   Wikipedia

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• Pay-as-you-earn tax — For other uses see Paye (disambiguation) Pay as you earn or PAYE refers to a system of withholding of income tax from payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent… …   Wikipedia

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