Politics

Out of context: Reply #18707

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  • dbloc0

    As the result of the new tax law that was passed on New Year’s Day, the effective rate for the FICA component of Social Security went from 4.2% to 6.2%. The effect of this increase will lower employees net pay by approximately by 2%.

    Please contact your customer service manager with any questions.

    dbloc 0Permalink
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    • Which brings you back to matching the rate your employer pays on your behalf.melq
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