The second round of June’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will be distributed in five days. Here is all you need to know about June’s Social Security payments.

As it stands right now, 6.2% of each and every one of your paychecks is taken out in the form of Social Security taxes; your employer adds another 6.2% of its own money to this payroll tax on your behalf. The bigger your check, the bigger this total payment, and subsequently, the bigger your eventual benefit is once you claim.