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Earnings Record

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.

1403

1403. Earnings Record

1403.1 What does the earnings record show?

Your earnings record shows the amount of earnings reported by your employer or by you, if you are self-employed. Also, it shows the periods for which your earnings were reported.

1403.2 What happens to the Social Security taxes?

During working years, employees, their employers, and the self-employed pay Social Security and/or Medicare taxes. The equivalent of these taxes is pooled in special trust funds under automatic appropriation by Congress. (See §140.)

Last Revised: Jul. 1, 2004


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