... Tax Rate

Table for Percentage Method of SemiMonthly Withholding and Allowance (For Wages Paid in 2008)

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Social Security/Medicare Tax: 2008

Social Security:

• Employee Social Security tax rate: 6.2%
• Maximum Wage Base: $ 102,000

Medicare:

• Employee Medicare tax rate: 1.45%

There is no wage base limit for Medicare tax - all covered wages are subject to Medicare tax.

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Last updated July 8, 2008