Chicago Cubs beat St. Louis Cardinals 8-6 in NLDS Game 3; Fans celebrate in Wrigleyville.
The amount a person can earn before he has to pay taxes on his social security income depends on how much he grosses. For a single person or a person filing as head as household, the gross amount he can earn before his social security benefits are taxable is $25,000. Married couples have a slightly higher rate. A married couple can earn $32,000 before the couple has to pay taxes on his social security. If he has more than one income, he still has to pay taxes on his base income, provided his base income is above $8000 for an employed person and $600 for a business.
(Effective 1/1/2014). FICA OASDI (Social Security) up to maximum wage of $117,000 taxed at rate of 6.2% - Maximum withholding on FICA EE OASDI for 2014 is $7,254. FICA Medicare for all employees taxed at rate of 1.45%.dditional FICA Employee Medicare rate of 0.90% to be taxed on employees who reach over $200,000 in earnings (Employees in this category will be taxed at a total Medicare Rate of 2.35%). There is no cap on Medicare Wages.