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Category > Business & Finance Posted 24 May 2017 My Price 5.00

Suppose the Social Security payroll tax were increased today

Suppose the Social Security payroll tax were increased today to 16.4% in order to solve the 75-year fiscal imbalance in the program. Explain the effect of this change on the value of the Social Security program for people of different ages, earning levels, and sexes.

 

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Status NEW Posted 24 May 2017 06:05 AM My Price 5.00

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file 1495607273-Answer.docx preview (151 words )
S-----------upp-----------ose----------- th-----------e S-----------oci-----------al -----------Sec-----------uri-----------ty -----------pay-----------rol-----------l t-----------ax -----------wer-----------e i-----------ncr-----------eas-----------ed -----------tod-----------ay -----------to -----------16.-----------4% -----------in -----------ord-----------er -----------to -----------sol-----------ve -----------the----------- 75------------ye-----------ar -----------fis-----------cal----------- im-----------bal-----------anc-----------e i-----------n t-----------he -----------pro-----------gra-----------m. -----------Exp-----------lai-----------n t-----------he -----------eff-----------ect----------- of----------- th-----------is -----------cha-----------nge----------- on----------- th-----------e v-----------alu-----------e o-----------f t-----------he -----------Soc-----------ial----------- Se-----------cur-----------ity----------- pr-----------ogr-----------am -----------for----------- pe-----------opl-----------e o-----------f d-----------iff-----------ere-----------nt -----------age-----------s, -----------ear-----------nin-----------g l-----------eve-----------ls,----------- an-----------d s-----------exe-----------s. ----------- An-----------swe-----------r: ----------- T-----------he -----------amo-----------unt----------- of----------- th-----------e s-----------oci-----------al -----------sec-----------uri-----------ty -----------pay-----------out----------- de-----------pen-----------ds -----------on -----------the----------- av-----------era-----------ge -----------lif-----------eti-----------me -----------ear-----------nin-----------g o-----------f t-----------he -----------res-----------ide-----------nts----------- of----------- th-----------e c-----------oun-----------try-----------. T-----------he -----------gov-----------ern-----------men-----------t a-----------ver-----------age-----------s t-----------he -----------ear-----------nin-----------g
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