Monthly archives: November, 2016

Social Security Updates 2017

The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2017 will increase to $127,200. The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2017 will increase to $127,200. The Federal Insurance Contributions Act (FICA) imposes two taxes …