Social Security Wage Base Increases to $117,000 in 2014

The Social Security Administration (SSA) announced on Wednesday, October 30, 2013, that the 2014 social security wage base will be $117,000, an increase of $3,300 from the 2013 wage base of $113,700 (the SSA Fact Sheet is available at www.americanpayroll.org/members/Forms-Pubs/#annual). As in prior years, there is no limit to the wages subject to the Medicare […]