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Regional Vice President of Sales The Retirement Plan Company
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2012 Payroll Tax Rates and Limits (PDF)
Lindquist LLP [Guidance Overview] Jan. 6, 2012 "The maximum [Social Security Employee] withholding for the period January 1, 2012, to February 29, 2012, is $770.70 (calculated at 4.2% ofmaximum wage base). The maximum withholding for the period March 1, 2012, to December 31, 2012, if the payroll tax holiday is not extended, is $5,688.50 (calculated at 6.2% of maximum wage base). The sum of $770.70 and $5,688.50 is $6,459.20." |
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