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.
The Social Security tax is a flat rate tax with a maximum cap. The Social Security tax is a flat 12.4% on all compensation income, up to a maximum compensation amount of $118,500 for 2015. This $118,500 amount is called the Social Security wage base. The wage base amount is set each year by the Social Security Administration. Like the Medicare tax, the Social Security tax is paid for half by the employer and half by the employee.