OCR Text |
Show Soc. Security Tax Up Effective January 1, 1979 the amount to be withheld from employees em-ployees pay checks for social security tax (FICA) increases from 6.05 to 6.13. The maximum max-imum amount of earnings on which social security tax is to be withheld also increases from $17,700 to $22,900. Employees should note that this increase is effective with any payroll paid on January 1, 1979, or after, even if for amounts earned but paid prior to January 1. The Employers maching FICA tax also increases increas-es to 6.13 as of January 1 1979. |