Social Security Wage Base Increase Impacts Stock Admin & YE Planning
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See myStockOptions blog at https://lnkd.in/eNzvtaT
The wage base will grow from $118,500 in 2016 to $127,200 in 2017. Therefore, at the 6.2% Social Security tax rate, the maximum annual amount that some can owe will increase from $7,347 in 2016 to $7,886.40 in 2017. Need to update admin systems for this and also presents some year end planning ideas as described in blog.
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