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danken09
New Member

Social security withholding limit

 
2 Replies
SweetieJean
Level 15
SteamTrain
Level 15

Social security withholding limit

...to do the math for a W-2 employee
....for SS withholding on a W-2, its  6.2 % on up-to 118,500, ...and that is $7347
...For W-2 medicare withholding it's 1.45% on everything with no upper limit
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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