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
The OASDI tax rate for wages paid in 2016 is set by statute at 6.2 percent for
employees and employers, each. Thus, an individual with wages equal to or
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
Oct 15, 2015 ... Social Security and Medicare payroll taxes are collected together as the Federal
Insurance Contributions Act (FICA) tax. FICA tax rates 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 ...
May 16, 2016 ... They illustrate how tax brackets and Social Security taxation interact, creating a
27.75% marginal tax rate for most taxpayers in the 15% tax ...
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:.
Jan 20, 2015 ... HI tax rate . Year. Maximum taxable earnings. OASDI tax rate . HI tax rate 
.... automatic adjustment provisions of the Social Security Act.
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: ...