For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social
Security tax in the United States, the Social Security Wage Base (SSWB) is the
maximum earned gross income or ...
This limit changes each year with changes in the national average wage index.
We call this annual limit the contribution and benefit base. For earnings in 2016, ...
The tax rates shown above do not include the 0.9 percent. Maximum ... NOTE:
One dollar in benefits will be withheld for every $2 in earnings above the limit.
Dec 12, 2015 ... Taxpayers will get a rare break from rising Social Security taxes. Find out why.
Oct 15, 2015 ... Wages subject to Social Security FICA stay at $118500; income tax ranges ... in
monthly Social Security benefits in 2016, and that the maximum ...
Jun 30, 2016 ... The current tax rate for social security is 6.2% for the employer and ... The wage
base limit is the maximum wage that is subject to the tax for that ...
Jun 5, 2015 ... "In this world, nothing can be said to be certain, except death and taxes," as Ben
... Security contributions cease on any amount earned after that. Officially known
as the "wage base limit," the threshold changes every year.
Jan 15, 2016 ... Therefore, for 2016, the FICA tax rate will be 7.65%, to the height of the social
security wage base. This means the maximum social security tax ...
For 2016, the maximum limit on earnings for withholding of Social Security (Old-
Age, Survivors, and Disability Insurance) Tax remains $118,500.00. The Social ...
Feb 29, 2016 ... Employees will pay the 6.2 percent Social Security tax on the first $118,500 of
their wages, with a maximum tax of $7,347. In addition, they will ...