Social Security Tax Limit 2024 Withholding Calculator . 6.2% social security tax on the first $168,600 of employee wages (maximum tax is $10,453.20; The law requires employers to withhold a certain percentage of an employee’s wages to help fund social security.
They contributed 4.2% and 6.2% respectively. There’s also a limit (a tax cap) on the amount of earned income.
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