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 employer and employee Social Security tax rates add up to 12.4%, as I mentioned, so you would pay $9,300 in Social Security tax for 2017. It's also important to mention that the same $127,100 wage cap applies to the self-employed, which translates to a maximum Social Security tax of $15,772.80.