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In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1][2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00.
Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...
Jeep Wrangler. The Jeep Wrangler is a series of compact and mid-size four-wheel drive off-road SUVs manufactured by Jeep since 1986, and currently in its fourth generation. The Wrangler JL, the most recent generation, was unveiled in late 2017 and is produced at Jeep's Toledo Complex. The Wrangler is a direct progression from the World War II ...
The Social Security Administration has implemented a variety of new rules and features for 2013. The two-year payroll tax cut has officially ended, and paper Social Security checks will soon cease ...
The Jeep J8 is a military vehicle originally based on the Jeep Wrangler JK platform, but currently based on the Jeep Wrangler JL platform. It is also used by government agencies, security groups, peacekeepers, fire departments, underground mining and other industries requiring a heavy duty off-road vehicle. [ 1 ]
Image source: Getty Images. Your earnings must equal or exceed the wage base limit. Social Security benefits equal a percentage of inflation-adjusted earnings in the 35 years your income was highest.
Jeep Wrangler (TJ) The Jeep Wrangler (TJ) is the second generation of the Jeep Wrangler off-road and sport utility vehicle. Introduced in 1996 as a 1997 model, the TJ reintroduced the circular headlights the classic Jeep models had been known for. For the 2004 model year, the long-wheelbase Unlimited model was introduced.
The Federal Insurance Contributions Act (FICA) (codified in the Internal Revenue Code) imposes a Social Security withholding tax equal to 6.20% of the gross wage amount, up to but not exceeding the Social Security Wage Base ($97,500 for 2007; $102,000 for 2008; and $106,800 for 2009, 2010, and 2011). The same 6.20% tax is imposed on employers.