 |
|
|||
|
Date: November 10, 1999 |
Bulletin No. 126 |
|||
|
|
||||
| |
|
|||
|
Date: November 10, 1999 |
Bulletin No. 126 |
|||
|
|
||||
| Subject | 2000 Social Security/Medicare Deductions |
| Purpose | To notify agencies of maximum Social Security tax |
| Affected Employees | All employees |
| Specifics | The 2000 Social Security tax will be calculated at 6.2% on the first $76,200 of wages resulting in a maximum Social Security tax deduction of $4,724.40. The 1.45% Medicare tax will apply to all taxable wages as there is no wage cap. |
