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.
To put these factors into perspective, it is helpful to look at an example. Say, for instance, that you have made an average of $75,000 a year. If you take early retirement at the age of 62, you will get approximately $16,000 annually from Social Security. If you retired at full retirement age of 66, you would get approximately $21,000 annually.