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2. Social Security Wage Base - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Wage_Base

   It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit. In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1][2 ...

3. Social Security: Here’s How Much You Need To Make To ... - AOL

   www.aol.com/finance/social-security-much-earn...

   If you want to earn the maximum Social Security retirement benefit, be prepared to work many years at a high salary and put off collecting benefits as long as possible. ... Even if you do get the ...

4. The Maximum Social Security Check Is $4,555 in July 2023 - AOL

   www.aol.com/finance/maximum-social-security...

   The maximum taxable income is the amount of wages on which you pay Social Security taxes, which are deducted from your earnings. In 2023, the maximum taxable income is $160,200 a year.

5. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   There is no maximum limit on this portion of the tax. ... pay an average federal income tax of −9.3% and −2.6% of income and Social Security taxes of 8.3% and 7.9 ...

6. What is the maximum Social Security benefit? - AOL

   www.aol.com/finance/maximum-social-security...

   You’ll get credit only for earnings up to the Social Security wage base, which is the maximum amount of income on which Social Security assesses taxes. For 2024, the Social Security wage base is ...

7. History of Social Security in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_Social_Security...

   It also proposed an income tax on the Social Security benefits of higher-income individuals. This meant that benefits in excess of a household income threshold, generally $25,000 for singles and $32,000 for couples (the precise formula computes and compares three different measures) became taxable.

8. How is the maximum Social Security benefit calculated? - AOL

   www.aol.com/finance/most-social-security-2024-4...

   The absolute maximum Social Security benefit in 2024 is $4,873 monthly, ... So, the maximum benefit ends up being based on how high the wage base limit was over a worker's 35 highest-income years ...

9. Here's the Average and Maximum Social Security Benefit ... - AOL

   www.aol.com/heres-average-maximum-social...

   Nearly 68 million U.S. adults will receive a Social Security check in 2024, and benefits make up a significant source of income among retirees. ... reaching the maximum taxable earnings limit ...