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What can i do about my boss matching my social security with my own money? |
my boss is writing me a personal check and matching my social security with my own money I am not clear on the question, but some of the answers are definitely incorrect. Social Security and Medicare (OASDI/HI) funding by law requires that everyone must pay a certain percentage of their compensation. There are two categories: employed or self employed /consultant /independent contractor. Employees have a certain percentage deducted from their pay, and the employer must pay in an equal amount. Self employed must pay a certain percentage, more than an employee but less than the sum of the employee and employer. Sorry, I'm unclear on your question Could you please be more specific? I think you're confusing Social Security with a 401k/pension plan. The bottom line is that some percentage must be paid. |
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