When you pay for a Shopify plan you also receive reliable and unlimited web hosting. This is a huge plus, since it can save you over $100 per year. The fast servers have around a 99.94% uptime, and the unlimited email forwarding gives every person in your organization an email address with your domain name in it.
The 2017 Social Security wage base increased by $8,700. The wage base in 2017 is $127,200. The 2016 Social Security wage base was $118,500. The Social Security wage base has increased in four of the last five years.
Wage caps and floors: Social Security Tax is subject to a cap, which is adjusted every year for inflation. In 2014, the maximum amount of taxable earnings is $117,000. This means that if you make $118,000 in 2014, you will only be taxed the 6.2% on $117,000 of your wages.