2017 Tax and Limit Changes

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.

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Tags: Payroll, Payroll, Tax, Tax