The National Directory of Certified Public Accountants

Ask A CPA - Tax Law Highlights - 2012

Social Security Wage Base - 2012

The wage base for determining the maximum amount of income subject to social security taxes will be $110,100 for the year 2012. Maximum 2012 employee Social Security Liability is $4624.20. .042% For the years 2009 through 2011, the maximum wage base was set at $106,800.

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