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What percentage of salary deducts for an employee's Social Security contribution? And why will there be a difference in % deducted?

My salary statement for October and September 2015 has the same hours and same hourly pay, yet I see a difference in Social Security employee deductions.

My September salary statement shows 709.28 while October shows 318.68 for Social Security employee deduction. See attached September, October paychecks:

Chris W. Rea
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1 Answers1

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Social Security tax only applies to the first $118,500 you earn in a year. See the Social Security Administration's website for more info. You should see a 6.2% increase in after tax earnings now.

If you switch employers mid-year, they will start withholding social security again.

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