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
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
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, ...
Old-Age, Survivors, and Disability Insurance ( OASDI ), 2016. Tax Rates (percent)
. Social Security (Old-Age, Survivors, and Disability Insurance). Employers and ...
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.
Sep 24, 2015 ... 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 ...
The Center for American Progress has a new study arguing for raising the
maximum earnings on which workers pay Social Security taxes. The limit is
Oct 23, 2014 ... High-earning employees will find more of their compensation subject to Social
Security payroll (FICA) taxes in 2015, when maximum taxable ...
Oct 31, 2014 ... To determine the gross pay subject to social security tax withholding, up to the
wage base limit, you must first add any taxable fringe benefit ...
Oct 6, 2015 ... The current tax rate for Social Security is 6.2% for the employer and 6.2% for the
... Only the Social Security tax has a wage base limit.