




Social Security Explained, 2013 Edition
Provides a succinct, comprehensive, and detailed explanation of the federal old-age, survivor's and disability insurance programs under the Social Security Act.The book explains who is covered by the Social Security system, liability for the tax, how a worker acquires "insured status" required for benefit eligibility and the conditions of entitlement to the various kinds of Social Security benefits.
For calendar year 2013, the following unemployment compensation solvency measures are in effect: (1) the additional employer contribution is 0.65%; (2) the surcharge tax is 5.1%; (3) the interest factor tax is 1.1%; and (4) the employee tax is 0.07%. The maximum state adjustment factor for 2013 is 1.0%. Rates for experience-rated, nondelinquent employers will range from 2.8010% to 10.8937% for 2013, including the surcharge, additional employer contribution, and the interest factor tax. Rates for delinquent employers will range from 5.9540% to 14.0467% for 2013, also including the surcharge, additional employer contribution, and the interest factor tax.
New employers pay the following for 2013: New nonconstruction employers pay 3.6785% and new construction employers pay 10.1947%. These rates include the surcharge only as the other two taxes do not apply to new employers.
The maximum weekly benefit amount remains frozen at $573 for 2013. There also will be a 1.7% reduction in benefits for all claimants this year (DLI Communications).