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Date: January 2, 2001 |
Bulletin No. 225 |
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Date: January 2, 2001 |
Bulletin No. 225 |
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| Subject | 2001 Social Security/Medicare Deductions |
| Purpose | To notify agencies of maximum Social Security tax |
| Affected Employees | All Employees |
| Specifics | The 2001 Social Security tax will be calculated at 6.2% on the first $80,400 of wages resulting in a maximum Social Security tax deduction of $4,984.80. The 1.45% Medicare tax will apply to all taxable wages as there is no wage cap. |
