Social Security Limits
Maximum earning limits (Social Security):
2009-2011 $106,800
2012 $110,100
NOTE: FOR TAX YEAR 2011 and 2012 THE SOCIAL SECURITY RATE IS REDUCED BY 2% AS A RESULT OF THE TAX EXTENSIONS SIGNED IN 2010 and 2011.
Social Security tax rate for Employees is 4.2% and 6.2% for Employers. The Medicare tax rate is 1.45%.
Self Employed pay at a rate f 10.4% for social security and 2.9% for Medicare.
Other Social Security information my be found at www.ssa.gov
