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
NOTE: The 7.65% tax rate is the combined rate for Social Security and Medicare.
The Social Security portion (OASDI) is 6.20% on earnings up to the applicable ...
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.
Jun 30, 2016 ... Topic 751 - Social Security and Medicare Withholding Rates. Taxes under the
Federal Insurance Contributions Act (FICA) are composed of the ...
Oct 15, 2015 ... While in 2016 there will be no increase in the amount of wages subject to Social
Security taxes and no statutory income tax rate increase, ...
The employer's Social Security tax rate for 2016 is 6.2% of each employee's first
$118500 of wages, salaries, etc. If an employee's wages, salaries, etc. are ...
Nearly everyone who earns an income is subject to taxes based on the current
Social Security tax rate. The Social Security tax rates are set by law, and the ...
The Social Security Administration updated the maximum wage base for 2016.
The Social Security tax of 12.4% applies to wages and self-employment income.
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: ...