NYS Comptroller Seal  

Bureau of State Payroll Services

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.