my 06 w2 said 8200 in social security wage box. if i was to retire today is that what i get?
2007-08-02 04:32:11 · 5 answers · asked by elijahk9one 1 in Business & Finance ➔ Taxes ➔ United States
No, that is your social security wages for 2006. You should get yearly from social security a statement indicating how much you have had each year for social security wages, and the various amounts you would get from social security depending on what age you retire at.
2007-08-02 05:09:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Everything on the W-2, including social security wages (the amount of your wages that social security was deducted for) is for that year only.
The ss wages for the one year have only a little to do with the total you'd be eligible to receive at retirement. So no, it's not what you would get if you retired today.
2007-08-02 12:06:51 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Uncollected social protection in many situations happens once you're a tipped worker with rather good training. Your corporation withholds on your training out of your wages, yet while your training are rather extreme in comparison on your wages, there could desire to no longer be sufficient salary earnings to cover the tax, then you certainly owe it the two as envisioned quarterly money or once you document. Did you get incredibly some 0 paychecks?
2016-12-11 08:09:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That is just the amt w/h from your paycheck during the yr. What you could get out of social insecurity depends on the length of time you worked, how much you paid in & whether or not the whole system goes bankrupt before you retire.
BTW, once a yr, SinS send you a little statement of your potential benefits & a little newsletter whining about how they are going broke. You should receive it about a month before your b-day. If you arent getting them, SinS prolly has a wrong address for you.
2007-08-02 05:11:33 · answer #4 · answered by Tom's Mom 4 · 0⤊ 0⤋
No, that's the amount of wages you earned from that employer that year that were subject to social security tax.
The Social Security Administration has a calculator on their web site that can help you figure out your potential benefit amount. http://www.socialsecurity.gov/planners/calculators.htm
2007-08-02 05:13:06 · answer #5 · answered by Plea_of_insanity 5 · 0⤊ 0⤋