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Is there a payroll cap on SS payments

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Linkat
 
Reply Thu 11 Sep, 2008 11:39 am
I notice with extreme pleasure that my net pay this month was a good amount higher. It seems I did not have any Social Security deductions. This year because of some organizational changes, I received a once in a lifetime bonus that I just received end of last month - which pushed up my earnings significantly.

I've never made this much before so I was wondering if the reason I did not get a deduction was because there is a social security cap. Anyone know?
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Type: Question • Score: 0 • Views: 315 • Replies: 4

 
cicerone imposter
 
  3  
Reply Thu 11 Sep, 2008 11:42 am
Yes, it's $102k in 2008. http://www.ssa.gov/OACT/COLA/cbb.html#Series
Linkat
 
  1  
Reply Thu 11 Sep, 2008 11:43 am
@cicerone imposter,
thanks - well that explains that! I get 3 more months of extra money!!! When does that ever happen???!
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Linkat
 
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Reply Thu 11 Sep, 2008 11:43 am
@cicerone imposter,
And why the odd number?
cicerone imposter
 
  1  
Reply Thu 11 Sep, 2008 11:47 am
@Linkat,
I still haven't figured out how our government does anything, so you're asking the wrong person. LOL
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