205k views
3 votes
What is the 2018 social security wage base?

A. $4,624.20
B. $106,800
C. $128,400
D. No maximum amount

1 Answer

2 votes

Final answer:

The 2018 social security wage base is C. $128,400, which is the maximum taxable earnings for Social Security tax for that year.

Step-by-step explanation:

The 2018 social security wage base is the maximum amount of earnings subject to the Social Security tax in a given year. The correct answer to the question 'What is the 2018 social security wage base?' is C. $128,400. This cap is adjusted annually based on inflation and changes in the average wage index, as per the Social Security Indexing Act of 1972.

User Shinjuo
by
8.0k points