When an employee works for several different companies during a tax year, his
or her Social Security deductions could exceed the cap, because each employer
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, ...
When you have wages or self-employment income that is covered by Social
Security, you pay Social Security taxes each year up to a maximum amount that
Maximum Monthly Social Security Benefit for Workers Retiring at Full Retirement
... This rate does not reflect the additional 0.9 percent in Medicare taxes certain ...
This update provides information about Social Security taxes, benefits, and costs
... Social Security and Medicare taxes ... a maximum of four credits each year.
social security tax withholding - Tetra Images/Getty Images ... The maximum
taxable earnings for Social Security (OASDI only) for 2016 will remain at
Dec 12, 2015 ... Let's look at how the Social Security tax works and why the maximum will stay the
same for 2016. Social Security taxes and the wage base
Jan 27, 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 ...
Oct 15, 2015 ... Wages subject to Social Security FICA stay at $118,500; income tax ... in monthly
Social Security benefits in 2016, and that the maximum ...
Oct 26, 2015 ... 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 ...