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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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