The Social Security tax rate for an employee remains in effect:
A) until the employee's expenses change.
B) until the cost of living increases.
C) permanently.
D) until the employee reaches a maximum wage base.
E) until the employee changes jobs.

Question

Quizplus · Accepted Answer

The Social Security tax rate for an employee remains in effect until the employee reaches a maximum wage base, which is adjusted each year for inflation. Once the employee has earned income up to this wage base, they will no longer have Social Security taxes withheld from their paycheck for the remainder of the year.

The Social Security Tax Rate for an Employee Remains in Effect