Social Security Employee Rate back up to 6.2%

For 2013, the employee tax rate for social security increases to 6.2%. The social security wage base limit increases to $113,700. According to the IRS, employers should implement the 6.2% employee social security tax rate as soon as possible, but not later than February 15, 2013. After implementing the new 6.2% rate, employers should make [...]

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