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The Social Security Administration increased the taxable wage base from $106,800 to $110,100. The… 1 answer below » The Social Security Administration increased the taxable wage base from $106,800 to $110,100. The 6.2% tax rate is unchanged. Joe Burns earned over $120,000 each of the past two years. a. What is the percent increase in the base? (Round your answer to the nearest hundredth percent.) Percent increase % b. What is Joe’s increase in Social Security tax for the new year? (Round your answerto the nearest cent.) Increase in social security tax $ Oct 29 2013 07:19 AM
