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Rail Retirement payroll tax set for 2011
Posted By ted On December 1, 2010 @ 12:00 am In Amtrak/Commuter,Amtrak/Commuter News,News,Secretary & Treasurer | No Comments
Railroad Retirement payroll taxes will remain at 2010 levels in 2011, reports the Railroad Retirement Board.
For Tier I, carriers and employees each will pay 6.20 percent on a maximum of $106,800 of wages.
For Medicare, carriers and employees each will pay 1.45 percent on all wages.
For Tier II, carriers will pay 12.10 percent and employees 3.9 percent on a maximum of $79,200 of wages.
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URL to article: http://utu.org/2010/12/01/rail-retirement-payroll-tax-set-for-2011-6/
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