“Concurrent Beneficiaries” are individuals who qualify for benefits under both Social Security and SSI. These individuals are counted twice in the duplicated total and thus must be subtracted out to produce the unduplicated total (73.810 million total beneficiaries minus 2.532 million concurrent ...
Make note that if your employees earn more than $200,000 in a calendar year, you must withhold the additional Medicare tax from their wages. Any social security changes for retirees? Also starting January 1, 2024, monthly Social Security and Supplemental Security Income benefits for retirees w...
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