Examples of Social Security Wage Base in a sentence
Note: The Social Security Wage Base is indexed annually to reflect increases in the cost of living.
The Integration Level will be (check one): ____ The Social Security Wage Base in effect at the beginning of the Plan Year.
If your pay after your payroll reductions is less than the Social Security Wage Base your future Social Security benefits may be slightly reduced because you will be paying less in FICA taxes.
If your pay is more than the Social Security Wage Base, your Social Security benefit will not be reduced at all.Changing Your ElectionsThe benefits you elect during the enrollment period will remain in effect through June 30, 2021.
The Contributions for the Family Leave component of the plan will be 0.13% of the Covered Individual’s gross Wages capped at the Social Security Wage Base.