Titanic Facts: The Ship. White Star Line was the company that built the Titanic, and was owned by J.P. Morgan, an American tycoon. The cost to build the RMS Titanic was $7.5 million. RMS stands for Royal Mail Steamer. It took 3,000 men two years to build the Titanic.
Workers and employers pay for Social Security. Workers pay 6.2 percent of their earnings up to a cap, which is $118,500 a year in 2015. (The cap on taxable earnings usually rises each year with average wages.) Employers pay a matching amount for a combined contribution of 12.4 percent of earnings.
Most American workers are entitled to receive a monthly Social Security retirement benefit by age 62. The average monthly Social Security check in 2015 is $1,328. But how does the government figure out how much each worker should receive? The key to calculating someoneâs Social Security benefit is to first figure out their Primary Insurance Amount (PIA). The PIA is the baseline amount for your Social Security benefits. The amount of your benefit depends on many factors, including how long you worked, your income and how old you are when you retire.