1 Joe Giudice: Why Teresaâs Husband Will Now Serve Even More Jail Time. 2  Teresa Giudice: Husband Joe Apologizes For Involving Her In Fraud.  Teresa Giudice: She Doesnât Regret The Mistakes That Landed Her In Jail.
The maximum amount of contributions a person can make to his or her 401(k) plan is set each year by the IRS. For the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan.Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.This 2016 contribution is the same limit as applies in 2015.or the year 2016, people can contribute up to $18,000 as an elective salary deferral to a 401(k) plan. Additionally, if you are age 50 or older, you can contribute an additional catch-up contribution of $6,000.
FICA wage base remains $118,500 in 2016. by Alice Gilman on. in Payroll Today. The Social Security Administration has announced that the 2016 taxable wage base for the Social Security portion of FICA will remain $118,500.The 6.2% Social Security tax is payable by both employers and employees; in 2016, the maximum tax is $7,347.he Social Security Administration has announced that the 2016 taxable wage base for the Social Security portion of FICA will remain $118,500.