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FICA BASE HITS $94,200 FOR 2006
October 26, 2005
The 6.2% tax paid by employers and employees, and the 12.4% paid by self-employed taxpayers, will apply to the first $94,200 in wage or self-employment income in 2006, the Social Security Administration has announced. The FICA base is $90,000 for 2005.
Thanks to BenefitsBlog for the link.
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