Federal Payroll Tax Changes in 2014
July 7, 2014 | posted by Abacus Payroll
Social Security / Medicare The wage base increases to $117,000 for Social Security and remains UNLIMITED for Medicare. For Social Security, the tax rate is 6.20% for both employers and employees (Maximum Social Security tax withheld from wages is $7,254.00 in 2014). For Medicare, the rate remains unchanged at 1.45% for both employers and […]
