Social security tax applies only until an annual covered maximum wage is reached. What was that wage in 2006?
A)$84,600
B)$90,400
C)$94,200
D)$99,000

Name: Social security tax applies only until an annual covered maximum wage is reached. What was that wage in 2006? A)$84,600 B)$90,400 C)$94,200 D)$99,000
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Question

Quizplus · Accepted Answer

The maximum wage subject to social security tax in 2006 was $94,200. This means that any wages earned above that amount were not subject to social security tax.

Social Security Tax Applies Only Until an Annual Covered Maximum