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2. Social Security: What Is the Wage Base for 2023? - AOL

   www.aol.com/finance/social-security-wage-2023...

   The formal announcement of the 2023 wage base will not come until mid-October, American Payroll reports, adding that the projections, “which are only an indication of the expected trend, are ...

3. Social Security Updates: The 4 Biggest Changes Coming in 2023

   www.aol.com/social-security-updates-4-biggest...

   As with the COLA, the jump in the wage base for 2023 has been significant as well, from 2022’s $147,000 to 2023’s $160,200. Increased Maximum Social Security Benefit. Another one of the big ...

4. Final Reminder: These Social Security Changes Take Effect in 2023

   www.aol.com/final-reminder-social-security...

   The 8.7% increase in the Social Security COLA for 2023 is the highest since an 11.2% hike in 1981. For that you can thank soaring inflation in 2022. As GOBankingRates previously reported, ...

5. Social Security Wage Base - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Wage_Base

   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] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00. A person with $130,000 of ...

6. Social Security: What’s the Average Payment in Fall 2023 - AOL

   www.aol.com/average-social-security-payment-fall...

   The SSA calculates your benefit based on the 35 top-earning years of your working career, up to the annual wage base. In 2023, the Social Security wage base is $160,200, so the more you earn up to ...

7. 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.

8. Social Security Changes That May Be Coming for 2023 - AOL

   www.aol.com/finance/social-security-changes-may...

   The wage base is the amount of a worker’s earnings that are taxable for Social Security purposes. The 6.2% OASDI tax, which funds various Social Security programs, applies only to the first ...

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 ...