For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social
Security tax in the .... The employer Social Security tax rate and the Social
Security Wage Base were not directly impacted ...
Tax rates are set by law (see sections 1401, 3101, and 3111 of the Internal
Revenue ... In certain years, the effective rate paid by employees, employers, and
This update provides information about Social Security taxes, benefits, and costs
... High-income earners also pay an additional 0.9 percent in Medicare taxes on ...
Jun 30, 2016 ... Topic 751 - Social Security and Medicare Withholding Rates. Taxes under the
Federal Insurance Contributions Act (FICA) are composed of the ...
Jun 24, 2016 ... The Social Security tax rate is 12.4%, but only half is paid by employees, and
only income below a certain limit is included.
Hence, the maximum amount of the employer's Social Security tax for each
employee in 2016 is $7,347 (6.2% X $118,500). (The percentage and the
Jan 15, 2016 ... The Social Security Administration announced that the 2016 Social Security
wage base will be $118500. Learn more about the FICA tax rate.
Find out if your Social Security benefits are taxable income. What Social Security
taxes do you have to pay? ... The 2015 rates for employee FICA taxes are:.
Oct 30, 2015 ... Social Security and Medicare payroll taxes are collected together as the Federal
Insurance Contributions Act (FICA) tax. FICA tax rates are ...
The FICA (for Federal Insurance Contributions Act) tax (also known as ... is your
contribution to Social Security and Medicare as a percentage of your salary: ...