wage base for social security contributions
The "wage base for social security contributions" refers to the maximum amount of income that is subject to the social security tax. It sets the limit on the portion of an individual's wages or salary that is used to calculate their social security contributions, beyond which no additional tax is applied.
Requires login.
Related Concepts (1)
Similar Concepts
- social security
- social security benefits
- social security deductions
- social security income (ssi)
- social security income limits
- social security payroll tax
- social security rates
- social security retirement age
- social security tax
- social security taxation
- social security taxes
- social security withholdings
- taxable wages for social security
- unemployment insurance contributions
- workers' earnings and contributions