Be Sure to Show all calculations.The information below applies to the average citizen.In 1980 the combined employee and employer Social Security tax was 10%, and the monthly wage was $2,000. The number of workers was 120 million and the number of beneficiaries was 20 million.a.) Calculate the average Social Security benefit.b.) By 2010 the inflation adjusted monthly wage was $2,000, the number of workers was 80 million, and the number of beneficiaries was 40 million. What would the tax rate have to be to provide the same inflation adjusted monthly benefit that you were able to calculate for part a? (If you were unable to determine the benefit in part a, use $1,500 for this problem.) in on
Be Sure to Show all calcu
August 8th, 2017 admin