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Social Security Wage Base


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 ...

FICA & SECA Tax Rates - Social Security


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 /or ...

Contribution and Benefit Base - Social Security


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 larger ...

What is the employer's Social Security tax rate for 2016 ...


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 earnings ...

2016 Payroll Tax Unchanged; Tax Brackets Nudge Up


Oct 15, 2015 ... Social Security and Medicare payroll taxes are collected together as the Federal Insurance Contributions Act (FICA) tax. FICA tax rates are ...

What Is the Social Security Tax Rate?


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 ...

Taxation of Social Security benefits - Bogleheads


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 ...

Is Social Security Income Taxable? - Social Security Taxes - Efile.com


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:.

Historical Social Security Tax Rates - Tax Policy Center


Jan 20, 2015 ... HI tax rate [3]. Year. Maximum taxable earnings. OASDI tax rate [2]. HI tax rate [3] .... automatic adjustment provisions of the Social Security Act.

Payroll Tax Calculator -Social Security and Medicare Contributions ...


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: ...

Generally, if Social Security is your only income, your benefits are not taxable. Depending on your filing status and other income, either half or 85 percent of your social security benefits is taxable.
Your benefits are taxable if you're single and one half of your Social Security benefits plus all your other income is greater than $25,000, or if you're married and that amount is greater than $32,000.
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Update 2016 - Social Security


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 ...

Tax Topics - Topic 751 Social Security and Medicare Withholding ...


Topic 751 - Social Security and Medicare Withholding Rates. Taxes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, ...

2016 Social Security Wage Base - FICA Tax Rate | Paycor


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.