October 17, 2008
Question of the Week: When Will the 2009 Social Security Wage Base Be Announced?
Filed under: News
Vision Payroll

This week’s question comes from Roseanne, a payroll manager. When will the 2009 Social Security wage base be announced? Answer: The US Department of Labor has just announced that the 2009 Social Security Wage Base will increase by $4,800 to $106,800. Since wages are taxed at a rate of 6.2%, the maximum tax to be paid by each employee will therefore increase to $6,621.60 or an increase of $297.60. The increase impacts about 7% of workers who pay Social Security Tax. Vision Payroll will automatically update its system for 2009 to reflect the higher wage base.


From New Hire to Payroll
With the Click of Button

Streamline Your Hiring
Process With

Tips / Latest News