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.
Note If you need professional help with "Tax Law Highlights - 2012" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.