Within the Discussion Board area,
write 400–600 words that respond to the following questions with your thoughts,
ideas, and comments. This will be the foundation for future discussions by your
classmates. Be substantive and clear, and use examples to reinforce your ideas.
Federal and state taxes are not the
only items withheld from your paycheck. There are other options such as
benefits, the Federal Insurance Contribution Act (FICA), the Employee
Retirement Income Security Act (ERISA), and Social Security. Watch the videos A
Primer on Social Security and A Primer on the FICA Tax located in
this week’s M.U.S.E. to get a better understanding of both FICA and Social
Please respond to the following
What role does Social Security play in employee
retirement? What is the relationship between FICA, ERISA, and
Social Security? What are some real world examples of retirement
planning programs? What would be considered an example of fiduciary
responsibility under ERISA?
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