2015 Social Security Wage Base Increases to $118,500
FICA tax of 6.2% for employer and employee applies on wages and SE earnings up to $117,000 for 2014. The Social Security Administration (SSA) just announced that for 2015, the new wage base will be $118,500 or an increase of $1,500. This means, that for 2015, the maximum Social Security tax that employers and employees will …
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