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Level 1
June 1, 2019
Question

Social security withholding limit

  • June 1, 2019
  • 1 reply
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Alumni - Champ
June 1, 2019
SteamTrain
Level 15
June 1, 2019
...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.*