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Archive for December 2013

On December 4, 2013

5 Social Security tax truths

1. Social Security tax can be a big number if you’re an employee As an employee, your wages are hit with the 12.4% Social Security tax up to the annual wage ceiling. Half the Social Security tax bill (equal to 6.2%) is withheld from your paychecks. The other half (also 6.2%) is paid by your