SOCIAL SECURITY IN FOCUS

Written by Jinky C. Mesias


Continued from page 1

The deduction is different for self-employed individuals. Self-employed members are asked to pay 15.3% contributions out from their taxable income. The 15.3% contribution covers bothrepparttar Medicare as well as other Social Security Benefits. The 15.3% is required up torepparttar 150154 first $87,900 of income and a 2.9% is required for earnings above $87,900. If we are to analyzerepparttar 150155 scenario we can plainly see that members who are self-employed tend to pay a much higher contributions compared to those employed members. The reason for this is that self-employed members can deduct half of their federal self-employment taxes from their total income when they are to pay their federal income tax.

For question regarding your contributions, Social Security has a hotline which you may try to contact or you may visit Social Security Offices in your area.

For suggestions and comments kindly visit Social Security Attorney



Jinky C. Mesias is a graduate of Bachelor of Arts and Sciences in Business Administration Major in Business Management. She is at present an Associate Manager of a Life Insurance Corporation and a freelance writer.


AN OVERVIEW OF BENEFITS (Part I)

Written by Jinky C. Mesias


Continued from page 1

SOCIAL SECURITY DISABILITY BENEFITS

In order to qualify for social security benefits, members applying must be suffering from a physical or mental impairment that is keeping him or her from doing any important work for at least a year. Another consideration is thatrepparttar disability condition is anticipated to result inrepparttar 150153 death ofrepparttar 150154 disabled member.

Disabled members are expected to file their disability claimrepparttar 150155 soonest time possible since disability claims really takes a long time to process. In most casesrepparttar 150156 monthly disability benefit if approved begins onrepparttar 150157 sixth month ofrepparttar 150158 disability.

The Social Security Disability Benefits is reduced when members have other government disability benefits. The standard rule forrepparttar 150159 amount of disability payments that a member or his/her family is supposed to receive must not exceed 80% ofrepparttar 150160 averaged earning before a member becomes disabled.

The Social Security Benefits is given untilrepparttar 150161 memberís condition improves and returns to work. However, if everrepparttar 150162 member didnít recover from his or her disabilityrepparttar 150163 disability benefit continues as well asrepparttar 150164 Medicare benefit.

For suggestions and comments kindly visit Social Security Attorney



Jinky C. Mesias is a graduate of Bachelor of Arts and Sciences in Business Administration Major in Business Management. She is at present an Associate Manager of a Life Insurance Corporation and a freelance writer.


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