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2008 Federal Specific |
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Social Security wage base changes
Effective January 1, 2008, the Social Security wage base will increase to $102,000 with a tax amount of $6,324. The tax rate remains the same as 6.2%.
Federal changes
Effective January 1, 2008, the federal withholding changes have been released. Please see the following link to publication 15: http://www.irs.gov/pub/irs-pdf/p15.pdf
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