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  2. Social Security Wage Base - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Wage_Base

    In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1] [2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00. A person with $130,000 of ...

  3. What Is the OASDI Tax on Your Paycheck? - AOL

    www.aol.com/oasdi-tax-paycheck-181333461.html

    The OASDI is deducted from an employee’s paycheck, and it’s factored into self-employment taxes. Find out how much you'll pay for 2024.

  4. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    If Social Security benefits were reduced by 3% to 5% for new retirees, about 18% to 30% percent of the funding gap would be eliminated. [citation needed] Average in more working years. Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if there are fewer than 35 years of ...

  5. Here's the Average and Maximum Social Security Benefit ... - AOL

    www.aol.com/finance/heres-average-maximum-social...

    This is how the average and maximum benefit amounts have changed since 2014 -- as well as some not-so-good news about the future of Social Security. Two people sitting at a table looking at documents.

  6. The Most Important Social Security Chart You'll Ever See - AOL

    www.aol.com/most-important-social-security-chart...

    This is because Social Security will subject you to its retirement earnings test (RET) if you claim benefits early and earn over a certain limit. The earnings limit is $22,320 for 2024 if you don ...

  7. Here's the Maximum Social Security Benefit at Full ... - AOL

    www.aol.com/heres-maximum-social-security...

    The second thing you must do to earn the max benefit is to earn the maximum income subject to Social Security payroll taxes in each of your 35 highest-earning years. In 2024, that's $168,600. In ...