Social Security and Medicare

Social Security
And Medicare
Essay

Social security is a tax that is collected by the FICA, which stands for Federal Insurance Contributions Act. No matter what age you are 7% of your paycheck will go to FICA. The thing that people do not know is that, people of all ages benefit from social security.
Social security has 3 benefits, Retirement benefit, Survivor benefit, and Disabilities benefit. Retirement benefit is for people over the age of 62 who retire, still have an income of money. The percent of money that was taken out of there paycheck has been stored a...