People qualify for Social Security benefits when they’ve earned enough credits for the program.Workers earn a credit, known as a “quarter of coverage,” for every $1,730 on which they pay Social Security taxes in 202...
Employees and employers each pay a 6.2% OASDI payroll tax on employee earnings up to a certain limit, called the taxable maximum or wage base [6]. Together, the employee and employer contributions equal 12.4% of the worker’s pay. Sel...