On October 18, 2016, the Social Security Administration announced the 2017 tax rates and wage base. The Social Security wage base will increase from $118,500 to $127,200 for individuals starting January 1, 2017, and there will be no limit for Medicare wages. The tax rate for Social Security remains at 6.2% and Medicare at 1.45%…
Day: October 24, 2016
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