Before taking pantoprazole, tell your doctor or pharmacist if you are allergic to it; or to similar drugs (such as lansoprazole, omeprazole); or if you have any other allergies. This product may contain inactive ingredients, which can cause allergic reactions or other problems. Talk to your pharmacist for more details.
Myth No.5 - The tax on Social Security benefits isn't enough to worry about. Modestly affluent seniors now pay tax on up to 85% of benefits. For example, an affluent senior has 85% of a $20,000 annual benefit taxed at a 25% marginal federal tax rate. The tax on benefits is $4,250 ($20,000 X .85 X .25).
Box 3 (Social Security Wages) represents the portion taxable for social security purposes. Social security wages are calculated as Federal Taxable Gross (Box 1) plus Retirement Deductions (Box 12). The maximum social security wage amount for 2015 ande 2016 is $118,500. Box 5 (Medicare Wages) represents the portion taxable for Medicare tax purposes. Unlike Social Security wages, there is no cap for Medicare wages. One of the most common differences between box 1 and boxes 3 and 5 is the amount of employee contributions to deferred compensation plans such as traditional 401(k) and 457.