Homework
Description:
Federal and state taxes are not the only items withheld from Green Branch Coffee employees' paychecks. There are other items, 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 Security.
Respond to the following questions:
I. What role does Social Security play in employee retirement?
II. What is the relationship between FICA, ERISA, and Social Security? Include an example of fiduciary responsibility under ERISA.
III. Describe an example of a retirement planning program that could be implemented for Green Branch Coffee's employees.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.