Titanic Facts: The Ship. White Star Line was the company that built the Titanic, and was owned by J.P. Morgan, an American tycoon. The cost to build the RMS Titanic was $7.5 million. RMS stands for Royal Mail Steamer. It took 3,000 men two years to build the Titanic.
Workers and employers pay for Social Security. Workers pay 6.2 percent of their earnings up to a cap, which is $118,500 a year in 2015. (The cap on taxable earnings usually rises each year with average wages.) Employers pay a matching amount for a combined contribution of 12.4 percent of earnings.
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.