How much more do you get paid for overnight?
While California’s state law does not entitle employees to more compensation for working the night shift, California’s nonexempt workers do earn double-ti...
Category: General
Why do I need a Social Security number for my EIN?
An EIN is an SSN for a business. For those operating a sole proprietorship, they can simply use their SSN for business tax purposes. Most small business o...
What happens to my Medicaid if I move to another state?
Technically, there’s no formal program or option that allows you to transfer your Medicaid coverage from one state to another. Therefore, to transfer your...
What does the letter after my Social Security number mean?
The letters at the end of a SSN indicate the claim number for a SSI or Social Security beneficiary. Per the SSA: “If you are an SSI beneficiary, your clai...
Who did the Social Security Act of 1935 benefit?
On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployme...
What happens if you file taxes with wrong Social Security number?
Entering an incorrect Social Security Numbers If any of the SSNs on your tax return are incorrect, the IRS will reject your return. Besides the hassle of ...
How do you calculate your Medicare tax?
Employers and employees split the tax. For both of them, the current Social Security and Medicare tax rates are 6.2% and 1.45%, respectively. So each part...
Who is considered a survivor for Social Security benefits?
A widow or widower age 60 or older (age 50 or older if disabled). A surviving divorced spouse, under certain circumstances. A widow or widower at any age ...
Which of the following retirement devices must you contribute to by law?
If you have earned income, you must contribute to Social security (FICA), by law. Can you have a pension and IRA? Yes. You can contribute to a 401(k), as ...
What Licence do you need to sell annuities?
If you want to sell variable annuities or mutual funds, you will need a Series 6 and 63. If you simply want to offer fixed annuities and life insurance pr...
