by two percentage points
to 10.4% percent. Thus, you should see an increase in your paycheck
and a reduction in your deductions in 2011. The limit remains at $106,800. Source IRS Sunday, January 9, 2011
Payroll Deductions...
The 2010 Tax Relief Act reduces the employee OASDI tax rate under the FICA tax by two percentage points to 4.2%. The self-employment income is reduced by two percentage points to 10.4% percent. Thus, you should see an increase in your paycheck and a reduction in your deductions in 2011. The limit remains at $106,800. Source IRS
by two percentage points to 10.4% percent. Thus, you should see an increase in your paycheck and a reduction in your deductions in 2011. The limit remains at $106,800. Source IRS 
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