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Posts tagged Social Security
Social Security Rates & Limits Set for 2019

According to the Journal of Accountancy, β€œThe Social Security Administration announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $132,900 for 2019. The OASDI tax rate is 6.2% so an employee with wages up to or above the maximum in 2019 would pay $8,239.80 in tax and the employer would pay the equal amount.”

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