News Bulletin

2017 FICA and Disability Rates

Please note the new 2017 Tax Rates.

2017 FICA Tax

OASDI: (Taxable Wage Base $127,200; Tax Rate 6.20%; Maximum Amt of Withholding $7,886.40)
Medicare: (1.45% on the first $200,000 of Wages; 2.35% on all Wages in excess of $200,000 of Wages; Regular Medicare Tax 1.45% plus 0.9% additional Medicare Tax)

2017 Disability Tax

California State: 0.90% of $110,902 Wages; Maximum Tax Amount $998.12.
USC Disability: 0.90% of $110,902 Wages; Maximum Tax Amount $998.12.
Supplemental Rate: .30% of Full Salary; No Cap on Wage Base