The maximum dollar amount of wages that is subject to Social Security taxes....
The Taxable Wage Base is the amount of wages per employee, that an employer is liable to pay tax on each year. In 2005, the Taxable Wage Base is $21,000. Employers pay taxes on wages up to and including the taxable wage base for each employee. After an individual employeeâ€™s wages reach the taxable wage base for that year, employers must continue to report the employeeâ€™s quarterly wages but are not required to pay taxes on any "excess" employee earnings above the $21,000 base. Employers may file Quarterly Reports wherein taxes are no longer paid on employees who have exceeded the $21,000 base, while (in the same report) continuing to pay taxes on employees who have not yet reached the $21,000 base.
Maximum amount of employee compensation subject to social security, FUTA, and SUTA (amounts will be different).
The maximum amount of wages that are considered for Social Security purposes. Sometimes referred to as the Social Security Taxable Wage Base (SSTWB).
For each State, the maximum amount of wages paid to an employee by an employer during a tax year which are subject to UI taxes. Wages above this amount are not subject to tax. Note: taxable wage bases published in this report are current as of the date of issue. Therefore, they do not match the time period of the taxable wages and average tax rate on taxable wages.
The maximum amount of earnings upon which FICA taxes must be paid.
with respect to any year, the maximum amount of earnings which are considered wages for application of social security taxes.
The maximum amount of employee compensation subject to social security, FUTA, and state unemployment insurance taxes.
With respect to any year, the maximum amount of earnings which may be considered wages under Section 3121(a)(1) of the internal Revenue Code.
For each State, the maximum amount of wages paid to an employee by an employer during a calendar year, which are subject to Unemployment Insurance taxes. Wages above this amount are not subject to tax. (USDOL/ETA)