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What is the maximum I can earn in 2009 if I draw social security at 62 years of age?
Wiki User
∙ 15y ago
You can earn $14,160 in 2009 on top of your social security retirement check. for anything earned above that amount $1.00 is deducted from your social security check for every $2.00 you earn. So if you earn an extra $200 above the $14160 your ss check would be $100 less than usual.
Wiki User
∙ 15y ago
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At what income do you stop paying FICA in 2009?
In 2009, $106,800 for Social Security. No maximum for Medicare.
How much does social security cost per year?
For 2008, the maximum social security tax withholding for an individual is $6,324, the tax on $102,000. For 2009, the maximum social security tax withholding for an individual is $6,622, the tax on $106,800.
When does social security stop coming out of paycheck in 2009?
According to the SS web site, it is $106,800. You can go to the site and search on "maximum earnings subject to social security 2009".
What is the fica limit for 2009?
Maximum 2009 Social Security tax of 6.20% on the first $106,800 of earned income = $6621
What is the maximum amount of pay for which social security taxes must be deducted in 2009?
about 674 us dollars
Maximum earning while receiving early social security 2009?
if i retire at the age of 62 how much money can i make.
How much do you get for social security?
The maximum would be $27,876 for 2009. What you get would depend a lot on what you paid in and how old you are when you start to collect it.
What is the maximum you have to pay into social security each year?
For 2009 and 2010 the amounts are 6621.80 maximum contribution amount on 106,800 of your gross earned income.
What is the 2009 maximum for SDI tax withholding?
Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) contributions are withheld from wages up to $106,800 in 2009.
What is the FICA withholding income limit for 2009?
In 2009, the IRS set annual Social Security wage base limit at $106,800 at 6.2%. That would make the maximum FICA withholdings $6,621.60.
What is the maximum tax withheld for social security?
Social security contributions continue each working year, and do not stop at some lifetime limit. For example, the lifetime accumulated maximum someone has paid if working since 1963 would be $123K. That would require the person makes at least the maximum taxed income each year, which was $109,000 for 2009. Source documentation may be found at http://www.ssa.gov/history/pdf/t2a3.pdf
What is the maximum Social Security withholding for 2010?
The 2010 cap is the same as in 2009, $106,800.00, at which point the Social Security amount withheld would be $6,621.60 (6.2%). There is no cap on the Medicare insurance contribution, so the 1.45% amount will continue to be withheld on all earnings, and will be matched by your employer at the 1.45% rate for a total 3.90% for the year.
