The Old-Age, Survivors, and Disability Insurance (OASDI) taxable wage base for 2014 increases to $117,000 from $113,700 in 2013 thus increasing the maximum social security tax to $7,254 or 6.2% of the wage base. Employers must also match this amount with an equal contribution. The medicare portion remains unlimited with each employee paying 1.45% that is also matched by the employer. Under Obamacare, employees must pay an additional .9% on wages greater than $200,000.
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