Example: tourism industry
Search results with tag "Wage base limit"
2020 Instructions for Schedule H - IRS tax forms
www.irs.govported on lines 8b and 8e) is figured on Worksheet 3. Changes to tax rates and wage threshold. The social securi-ty tax rate is 6.2% each for the employee and employer, un-changed from 2019. The social security wage base limit is $137,700. The Medicare tax rate is 1.45% each for the employ-ee and employer, unchanged from 2019. There is no wage base