Circulatory System: Facts, Function & Diseases. The circulatory system is a vast network of organs and vessels that is responsible for the flow of blood, nutrients, hormones, oxygen and other gases to and from cells.
That maximum benefit is $2,663 in 2015. That means that if someone is turning age 66 this year and has paid taxes on maximum Social Security-covered earnings for each of the last 35 years, he or she will get $2,663 effective with age 66. But there is nothing special about getting that maximum benefit. Itâs not like you get a bonus from the government if you pay the maximum Social Security tax each year. Your retirement benefit will be based on your highest 35 years of earnings. And as I just said, if you have 35 years of maximum earnings, you will get a maximum Social Security benefit.
The program is funded through tax withholdings. In 2017, Social Security withholding is 6.2% of the employee's gross pay. The employee must pay this until they reach the wage base limit. Earnings above the wage base limit are generally not subject to social security tax. The wage base limit for 2017 is $127,200.