SOCIAL SECURITY WAGE BASE

OCTOBER 31, 2009

For 2010, the maximum amount of earnings subject to Social Security tax will remain unchanged at $106,800.  The Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) tax rate is set by statute at 6.2 percent for employees and employers, each.  Thus, an individual with wages equal to or larger than $106,800 would contribute $6,621.60 to the OASDI program in 2010, and his or her employer would contribute the same amount.  The tax rate for Medicare's Hospital Insurance program is 1.45% percent for employees and employers, each, without any earnings limitation.

For more information please contact:

Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427
jbessacini@castandcrew.com

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