Social Security Wages

Total wages paid to an employee that are subject to this tax. This amount does not include tips. Wages are also subject to Medicare tax.

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Excess Social Security Tax Withheld

References in periodicals archive ?

I read Charles Reul's July 6 letter with respect to the cap on Social Security wages, currently set at $102,000.

LETTERS IN THE EDITOR'S MAILBAG

First up is gradually -- over 10 years -- phasing out the cap on earnings below which Social Security wages are levied.

Public Supports Social Security Wage Tax Increase

31, 2013, and then, on its fourth quarter 2013 Form 941, it may reduce the fourth-quarter wages, tips, and other compensation on line 2; taxable Social Security wages on line 5a (subject to the wage base limitation for the year); and taxable Medicare wages and tips on line 5c, all by the amount of the same-sex spouse benefits treated as wages for the first three quarters of 2013.

IRS issues employment tax refund procedures for same-sex spouses

There is a withholding limit for Social Security wages, but not Medicare wages.

A Primer on Household Employees: avoiding adverse tax implications

Even if wages and growth rates remain fairly depressed, as the projection assumes, Social Security can be restored to balance by raising the base on which Social Security wages are taxed.

The debate we should be having: austerity is perverse economics and self-defeating politics. Here are sensible alternatives

Employees and employers would pay a percentage of their social security wages with which they would purchase health insurance.

Help small business while considering health care changes

Notice if there is a difference between line 1 (wages, tips, other compensation) and line 3 (Social Security wages).

Individual tax returns: a treasure trove of sales ideas

The amounts are free of income and payroll tax withholding, because they are not included in Box I (wages, tips, or other compensation), Box 3 (Social Security wages, if applicable), or Box 5 (Medicare wages and tips) of Form W-2.

IRS responds to natural disasters

Joe must file a Form W-2 for Mary's 1994 wages showing the entire $750 as social security wages. Mary will receive credit for $750 of 1994 social security wages.

Navigating the revised nanny tax

Assume that the man, who has a long work history of maximum Social Security wages, will turn 66 in 2009 and that the wife, who has no (or low) Social Security wages, will turn 50 in 2009.

Social security planning: emphasis on married couples

Because A was the service performer, the wages, although paid to B, are A's Social Security wages. Thus, payments are reportable by Y as Social Security and Medicare wages on A's Form W-2, together with the with-holding.

Guidelines on withholding from compensation payments incident to divorce

Thus, social security wages for a more-than-2% shareholder-employee should not include the value of employer-provided health benefits.

Executive compensation, fringe benefits and employee business expense reimbursements