Social Security Taxable Wages

Payroll Definitions

Browse terms alphabetically

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Social Security Taxable Wages Definition

Short Definition
The wages taxed that support the benefit programs under the Social Security system (i.e., monthly benefits for retired and disabled workers, and survivors of deceased workers).

Expanded Definition
Social security taxable wages are calculated by taking gross pay minus Section 125 pretax deductions up to the Social Security wage base limit (which changes annually). Each year the Social Security Administration posts their new Contribution and Benefit Base for the upcoming year.

Related Blog Article:
What Are Taxable Wages?
What Employers Need to Know About Taxable Wages

Get Started
See a demo

Want to check out the software before your free trial?

See a Demo
Get Started
Try it free

Sign up today for a free, no-obligation 30-day trial.

Try It Free for 30 Days