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, ...
NOTE: The 7.65% tax rate is the combined rate for Social Security and Medicare.
... One dollar in benefits will be withheld for every $3 in earnings above the limit ...
Aug 16, 2016 ... Describes the annual maximum social security tax for the current and previous
years, and how it affects earnings from employment and ...
Jun 30, 2016 ... The current tax rate for social security is 6.2% for the employer and ... The wage
base limit is the maximum wage that is subject to the tax for that ...
Oct 15, 2015 ... Wages subject to Social Security FICA stay at $118500; income tax ranges ... in
monthly Social Security benefits in 2016, and that the maximum ...
For 2016, the maximum limit on earnings for withholding of Social Security (Old-
Age, Survivors, and Disability Insurance) Tax remains $118,500.00. The Social ...
Jun 24, 2016 ... 6.2% Social Security tax on the first $118,500 of wages (maximum tax is
$7,347.00 [6.2% of $118,500]), plus; b. 1.45% Medicare tax on the first ...
The employer's Social Security tax rate for 2016 is 6.2% of each employee's first
$118500 of ... (The percentage and the earnings limit are unchanged from 2015.)
The Federal Insurance Contributions Act requires that employers withhold Social
Security tax from their employees' paychecks. Unlike Medicare tax, which is ...