2006-08-19 21:50:43 · 4 answers · asked by jindp1 1 in Business & Finance ➔ Taxes ➔ United States
In 2006, you are taxed 7.65% of your wages up to $94,200. Above that level, you are still taxed at a rate of 1.45%.
If you have two jobs, the $94,200 level applies to each, but you can claim a refund on the excess withholding when you file your tax return.
2006-08-20 02:48:57 · answer #1 · answered by NotEasilyFooled 5 · 0⤊ 0⤋
The maximum taxable wages for withholding social security tax increases every year. This year I believe it is around $94,000 at about 7.6%. Try going to the Social Security Administration homepage and you can get more accurate infomation....www.ssa.gov~
2006-08-19 22:05:18 · answer #2 · answered by Young 1 · 0⤊ 0⤋
About 7 1/2 percent of your gross wages.
Your employer matches that, for a total about 15 % submitted to the gov.
2006-08-19 21:58:38 · answer #3 · answered by ed 7 · 0⤊ 0⤋
I don't know, but I am sure that it is too much!
2006-08-19 21:56:23 · answer #4 · answered by froggie 4 · 0⤊ 1⤋