Taxable wage base

The maximum dollar amount of wages that is subject to Social Security taxes. Wages in excess of this amount are not subject to Social Security taxes. Note that there is no Cap on wages subject to Medicare taxes.

Related Terms: 9 Cap, Car, ECU, Medicare, Note, SEC, Social Security, Social Security Tax, Tax

Other Related Pages: Category: Taxes Starting With: T

Additional Related Terms: Accrual of discount, After-tax basis, Agency security, Amortization of premium, Anticipation note, Asset-backed security, At par, At best, At call, Accumulated earnings tax