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2. What Is the OASDI Tax on Your Paycheck? - AOL

   www.aol.com/oasdi-tax-paycheck-181333461.html

   The self-employed version is called the SECA tax, for Self-Employment Contributions Act — or simply, self-employment tax. SECA includes 12.4% Social Security tax and 2.9% Medicare tax, so the ...

3. Social Security Wage Base - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Wage_Base

   The Social Security tax is one component of the Federal Insurance Contributions Act tax (FICA) and Self-employment tax, the other component being the Medicare tax. 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 .

4. Will More of Your Paycheck Go to Social Security Taxes ... - AOL

   www.aol.com/finance/more-paycheck-social...

   Some high earners will find they owe more Social Security tax next year thanks to changes in the wage base limit. Learn more here.

5. Tax withholding in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_withholding_in_the...

   Social Security tax is withheld from wages [9] at a flat rate of 6.2% (4.2% for 2011 and 2012 [10]). Wages paid above a fixed amount each year by any one employee are not subject to Social Security tax. For 2023, this wage maximum is $160,200. [11] Medicare tax of 1.45% is withheld from wages, with no maximum. [12] (This brings the total ...

6. Will You Qualify for Social Security's Biggest Paycheck of ...

   www.aol.com/qualify-social-securitys-biggest...

   Data source: Social Security Administration. Earning above the maximum taxable earnings for at least 35 years of your career will put you in line for a very sizable Social Security check.

7. Medicare and Social Security funding: FICA taxes and trust ...

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

   Here’s a breakdown of FICA taxes: Social Security tax: Both you and your employer contribute 6.2 percent of your wages up to a capped amount called the taxable maximum ($168,600 in 2024). This ...

8. Social Security: How Inflation Impacts Paycheck Withholding

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

   If you wonder how inflation affects the amount of Social Security taxes withheld from your paycheck, you can start by knowing this: Your tax obligation pretty much always goes up, regardless of the...

9. Here's the Maximum Social Security Tax You Could Have ... - AOL

   www.aol.com/heres-maximum-social-security-tax...

   One of these is the maximum amount of earnings that are subject to Social Security tax. Here's what the new limit is and what it means for high earners in the United States. The $ 22,924 Social ...