2012 Facts & Figures
FICA
SOCIAL SECURITY
MEDICARE
Value
ER 6.2%
1.45%
-
EE 6.2%
1.45%
Wage Base Limit
$110,100
No Limit
Mileage Rates
Business: 55.5 Cents/mile
Moving: 23 Cents/mile
Pension Plan
Limits
Catch-up Limit
401K & 403B
$17,000
$5,500
Simple Accounts
$11,500
$2,500
2011 Facts & Figures
FICA
SOCIAL SECURITY
MEDICARE
Value
ER 6.2%
1.45%
-
EE 4.2%
1.45%
Wage Base Limit
$106,800
No Limit
Mileage Rates
Business: 51 Cents/mile
Moving: 19 Cents/mile
Effective July 1, 2011, the rate is 55.5/mile for business and 23.5 for moving.
Pension Plan
Limits
Catch-up Limit
401K & 403B
$16,500
$5,500
Simple Accounts
$11,500
$2,500
