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In October, the 2018 FICA taxable wage base (the maximum amount of an employee's wages with respect to which the Old-Age, Survivor and Disability Income portion of FICA taxes is payable) had been announced as $128,700, up from this year's $127,200. On November 27, the Social Security Administration announced that it was lowering the previously calculated amount, and that the 2018 taxable wage base would instead be only $128,400. Continue reading....
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