Labels:text | screenshot | purple OCR: WhatNots, Why not? Neus You Can Use: Here is a little something for you Yippies, Yuppies, and other (even older) puppies. Social Security! -- most have little thought about it, except when looking at the breakdown on their pay-stub. - YOU must work and pay taxes into SS in order to get something out of it. (Of course, many benefits are paid out to dependents or survivors of a payor; and funds are also paid out in other benefits such as SSI and Medicare). As you work and pay taxes, you earn credits (for 1993 1 credit per $590 in earnings) up to a maximum of 4 earned credits per year. You need to have a minimum of 40 earned credits to receive SS benefits at retirement. If you are working for yourself, you should be paying 15.3 percent of your taxable income into Social Security, up to the li ...
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