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It is on total annual pay. But each employer MUST observe the max rules for their payroll.

This becomes an issue regularly when someone has 2 jobs in a year. So the max being reached is not known, nor able to be used, by the other.

However, the tax forms, and all th PC programs have a method to handle this and get the overpayment back when filing.

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14y ago

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What is present annual cap on social security earnings?

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The Social Security tax cap for 2006 was 6.2% of the first $94,200 of wages.


What was the Social Security tax for 2001?

The Social Security tax cap for 2001 was $80,400.


What is the 2012 social security cap?

In 2012, the maximum taxable earnings for Social Security are $110,100.


What is the 2011 social security cap?

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When did they first put a cap on social security?

1992


What was the 2009 Social Security tax cap?

$106,800. Remember there is no cap on the Medicare tax.


When was the Social Security tax cap last changed?

The Social Security tax cap was last raised in 2009, increasing 4.7% from $102,000 to $106,800. It remains unchanged for 2010 and 2011.


What is the 2010 Social Security tax cap?

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Each year the government establishes an income cap for .?

Social Security Taxes