Spider Meaning. Spider spirit animal is the enchantress of creativity and artistic expression, she weaves a magical spell as she infuses her dreams into the web she weaves. In ritual she builds her web is creative expression and expectation of all she needs and desires.
Social Security tax is one part of the Federal Insurance Contribution Act (FICA) tax, and it is assessed at a rate of 12.4%. This is split evenly between the employee and employer, and it applies to earned income up to $118,500 for 2016 -- resulting in a maximum Social Security tax of $14,694. The remainder of FICA tax goes to Medicare.
Under the California Labor Code, an exempt employee must be paid an annual salary equal to at least twice the amount that would be earned by a minimum-wage hourly employee working a 40-hour workweek. At the current minimum wage at $10 per hour, the minimum salary for an exempt employee is $41,600 annually. Under SB3, the minimum exempt salary will increase incrementally, first to $43,680 and eventually to $62,400, once the minimum wage reaches $15 per hour in 2022. Meanwhile, the minimum salary threshold for exempt employees under federal law has been increased to $47,476, effective December 1, 2016.