October 2016

2017 Social Security Taxable Wage Base

October 28th, 2016 by AdvaPay Tech social_security_image

The Social Security Administration (SSA) has announced that the 2017 Social Security taxable wage base is increasing to $127,200, up $8,700 from the 2016 taxable wage base of $118,500.  Once an employee reaches this taxable wage threshold no further Social Security tax will be withheld. FICA Tax Rates The 2017 FICA tax rate for employees […]

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