2017 Payroll Changes
2017 Social Security Taxable Wage Base
Social Security taxable wage base will increase to $127,200 and the employee and employer tax rate will remain 6.2%.
2017 Medicare Tax
Medicare tax will continue to be 1.45% each for Medicare employee and employer rates; an additional 0.9% Tax will apply on the employee rate for earnings over
$200,000 filing single.