If you lose the card, we'll replace it at no charge. Most teenagers begin their working careers during the summer months, and with the booming economy, employers are now begging for new hires. This is the time that many young people are first exposed to Social Security and they need to know certain facts about the program to understand the role it plays in their lives and even to begin their retirement planning. Young people need to know how Social Security benefits are earned. Credits are used to determine eligibility for Social Security retirement, disability or survivors benefits.
Many summer jobs involve tips.
The employer then is responsible for withholding Social Security, Medicare and income taxes due on the reported tips. Finally, as a teen, make sure that your employers have your correct name and Social Security number. The best way to do this is to show any new employer your Social Security card. Failure to do so could cause problems later. An incorrect Social Security number on a W-2 could cause a delay in processing a tax return and sending any refund due.