At what income does social financial guarantee withholding stop for the year?
Answers:
2007 = $97,500, 2006 = $94,200, 2005 = $90,000. There is no issue on medicare withholding, so that would be withheld for the entire year.
The above answerer is correct on the 6.2% ss withholding.
However the 1.45% med withholding have no demarcate, you carry to reimburse that on every dime.
And your boss match both.