Sunday, June 30, 2013

FICA tax reverts back to 6.2%

Most ASU employees will see a slight decrease in their net pay beginning with their Jan. 11, 2013, paychecks. The decrease is the result of an increase in the employee portion of the Social Security (FICA) tax back to 6.2%. A temporary rate of 4.2% had been in effect for calendar years 2011 and 2012.

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Posted 1.9.13


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