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U1 income - PowerPoint PPT Presentation

Chapter 8

Chapter 8. Social Security and Social Insurance. Social Security Act of 1935. Requirements at that time: Retirement Age: 65 Payroll Tax: 1% for employer and employee Tax applied to the first $3000 of earned income. Social Security in the United States. OASDI: Old Age Survivors

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U1 income - PowerPoint PPT Presentation

Chapter 8