Social Security Definition

Social Security

Definition

The comprehensive federal program of benefits providing workers and their dependents with retirement income, disability income, and other payments. The Social security tax is used to pay for the program.

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Social Security is ...
... part of the Retirement subject.

... an essential investing term.

Related Terms

backup withholding - More

security - More

self-employment tax -

tax identification number, transfer payments, dependency ratio, Federal Insurance Contributions Act, Federal Tax Identification Number, FICA, SEP Plan, W-4 Form, benefit offset, early retirement

Social Security appears in the definitions of these other terms on BusinessDictionary.com

Social Security Number (SSN), social security wage base, Taxpayer Identification Number (TIN), Data Universal Numbering System (DUNS), payroll deduction, and

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