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When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60
If you need other information about the social security history you use the below enclosed website address to start with for some history.
socialsecurity.gov/kids/history.htm
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∙ 13y ago
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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.
What is the maximum 2004 social security withholding?
For the year 2004 the maximum earnings subject to the 6.2% social security tax was 87,900. For the year 2004 the amount was 5449.80 maximum contribution amount to the OASDI program social security benefit program.
What was the 1994 maximum Social Security withholding amount?
In 1990, the Social Security contribution base was $51,300. One Social Security work credit cost $520 in earned wages, for a maximum of four credits per year at $2080.
Did the maximum social security withholding amount increase in 2010?
No. The last increase was in 2008; there will be no change for 2010 or 2011.
How many years before retirement do you have to have maximum social security withholding to get maximum social security benefits?
Generally you need 40 credits. You should go to the SSA gov web site for more information. Click on the below link
Are wages paid to a social security recipient subject to FICA withholding?
are employees that are currently receiving social security and medicare benefits subject to fica withholding
What is the 2010 social security withholding amount?
6.2%
Are Pension Distributions subject to Social Security withholding taxes?
NO
What is the 2011 maximum social security withholding amount?
For 2009, the Social Security Withholding tax (OASDI) is 6.20% on wages up to $106,800. Doing the math the maximum social security withholding is $6,621.60. If you have more than one employer in 2009 and your combined earnings exceed $106,800 the combined withholding can exceed $6,621.60 as EACH employer is required to deduct 6.20% of earnings up to $106,800. You will get back any amount over $6,621.60 when you file your taxes as excess social security taxes, or your employer will stop withholding any amounts above $6,621.60 from your paycheck. There is an additional 1.45% for Medicare which has no cap on the amount of withholding. The combined OASDI and Medicare tax of 7.65% is commonly referred to as the Social Security Withholding tax.
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.
Which tax withholding is required by the federal government?
SOcial Security Tax:D
What tax withholding is required by the federal government?
social security tax
