cc        CALL US: 256-546-9122 GADSDEN, 205-978-8858 BIRMINGHAM

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30March

Take Home Pay Increase!

The social security employee tax rate has been decreased 2%, originally at 6.2%, now reduced to 4.2%. This change in the rate should be implemented ASAP in Jan 2011 by employers. The Wage base for social security is $106,800.

The employer tax rate will remain 6.2% for social security. The medicare tax rate is 1.45% with no wage base limit.

Questions? Contact us at ChappellCPA.

Thanks,
David

Posted in Blog

Street Address

137 Business Center Dr.
Birmingham, AL 35244

Fax: 256.546.9188
Phone: 205.978.8858


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Street Address

309 South 5th Street
Gadsden, AL 35901

Fax: 256.546.9188
Phone: 256.546.9122


mapb
| 256-546-9122 Gadsden |
| 205-978-8858 Birmingham |

* Investments provided through Wealth Management LLC, a Nebraska LLC, Registered Investment Advisor.

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