Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Math Finance C06-L5

Wirtz Math Finance Chapter 6 Lesson 5

Social Security (C06L5 p316, 1.2) An insurance program available through the United States government that provides income to people who retire, become disabled, or who receive survivor's benefits.
FICA (C06L5 p316, 1.2) The Federal Insurance Contributions Act that established Social Security insurance.
FICA tax (C06L5 p316) Social Security and Medicare taxes both fall in this category; the money that an employee and employer contribute to Social Security and Medicare is used to pay current benefits to others.
Social Security tax (C06L5 p316) The amount of Social Security a worker pays depends on the Social Security percentage and the maximum taxable income for that year; the amount is split between the employee and the employer.
Medicare tax (C06L5 p316) The amount of tax an employee pays is a set percentage of the entire income with no maximum amounts; the amount paid is split between the employee and employer.
maximum taxable income (C06L5 p316) The maximum income on which a person must pay Social Security tax in a given year.
Social Security number (C06L5 p316) A unique, nine-digit number that identifies a resident of the United States; this number is used to keep track of social security taxes that are paid.