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What are the taxable limits for Social Security, Medicare, and FUTA taxes?
Views: 5246 Created: 2014-07-10 14:31 Last Updated: 2019-12-31 16:12 |
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SYMPTOM
What are the tax year 2019 tax ceilings for Social Security wages, Medicare wages, and FUTA wages?
SOLUTION
The current 2019 tax ceilings are as follows:
- Social Security is $132,900.
- FUTA is $7,000.
- Medicare has no ceiling.
Note: Please refer to IRS Publication 15 Circular E for additional information.
APPLIES TO
- Yearli Core
- Yearli Performance
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