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You have found your dream job. It only pays $30,000 per year, and there is no chance of advancement, but it gives you plenty of time for working on your vlog.

The job involves working for a foreign government, so participation in the social security program is optional for you.

You are concerned about your retirement, so you want to find out whether social security, a private annuity, or the stock market are the better options.

For the purposes of this assignment, you were born on 7/1/1999 and are 22 years old.

Your dream job started on 7/1 2021.

You plan to retire at the full retirement age of 70 to gain the most money from the program. This means that you will retire on 7/1/2069, after having worked a total of 48 years.

1) Social security takes 6.5% of your income to put in the program. Your employer pays another 6.5%, but you are only concerned with your contribution of 6.5%. How much will you pay into the social security problem during your working life.