State Agencies Bulletin No. 225

2001 Social Security/Medicare Deductions
Date Issued
January 2, 2001


To notify agencies of maximum Social Security tax

Affected Employees

All Employees


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.