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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.

3. Social Security (United States) - Wikipedia

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

   The Federal Insurance Contributions Act (FICA) (codified in the Internal Revenue Code) imposes a Social Security withholding tax equal to 6.20% of the gross wage amount, up to but not exceeding the Social Security Wage Base ($97,500 for 2007; $102,000 for 2008; and $106,800 for 2009, 2010, and 2011). The same 6.20% tax is imposed on employers.

4. Here Are Two Major Social Security Changes Retirees Need to ...

   www.aol.com/two-major-social-security-changes...

   The new wage base limit, which will be in effect in 2025, is $176,100, up from the $168,600 limit in 2024. This means more income of some workers will be subject to Social Security payroll taxes.

5. Social Security Is Getting a Shakeup in 2025. Here's What to ...

   www.aol.com/social-security-getting-shakeup-2025...

   The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.

6. Here’s the maximum you can get from Social Security - AOL

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

   For 2021, the Social Security wage base is $142,800. This number is indexed for inflation, so back in 1985, the wage base was just $39,600. ... The maximum Social Security payout only applies to ...

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

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

   The American social security system (1949) comprehensive old overview. Burns, Eveline M. Toward Social Security: An Explanation of the Social Security Act and a Survey of the Larger Issues (1936) online; Davies, Gareth, and Martha Derthick. "Race and social welfare policy: The Social Security Act of 1935." Political Science Quarterly 112.2 ...

8. Social Security 2025: There's Good and Bad News Coming ... - AOL

   www.aol.com/social-security-2025-theres-good...

   This cap is the highest annual income subject to Social Security tax, and the closer your wages are to this limit, the higher your benefit will be. In 2024, the cap is $168,600 per year.

9. Average Indexed Monthly Earnings - Wikipedia

   en.wikipedia.org/wiki/Average_Indexed_Monthly...

   Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...