For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social
Security tax in the United States, the Social Security Wage Base (SSWB) is the
maximum earned gross income or ...
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, ...
For 2016, the maximum amount of taxable earnings is $118,500. ... Social
Security taxes would be withheld from the $126,000 you earned in 2016, but the
$41,880. For every $3 over the limit, $1 is withheld from benefits until the month
you reach full retirement age. Disability beneficiaries' earnings limits: If you work
Oct 15, 2015 ... Wages subject to Social Security FICA stay at $118,500; income tax ... in monthly
Social Security benefits in 2016, and that the maximum ...
The current tax rate for social security is 6.2% for the employer and 6.2% for ...
The wage base limit is the maximum wage that is subject to the tax for that year.
Jan 15, 2016 ... 2016 Social Security Taxable Wage Base Announced ... There is still no limit to
the wages that can be subject to the Medicare tax, which equals ...
Mar 28, 2015 ... In the case of Social Security, that amounts to a 12.4% rate. Thus, for self-
employed people, the limit for 2015 is exactly double the limit for ...
Nov 26, 2015 ... For 2016, the maximum limit on earnings for withholding of Social Security (Old-
Age, Survivors, and Disability Insurance) Tax remains ...
Feb 29, 2016 ... The first $118,500 of self-employment income will be taxed at a rate of 12.4
percent for Social Security tax, with a maximum tax of $14,694.