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.
For 2013, the Social Security portion of the self-employment tax is 12.4% of your earnings up to $113,700. The maximum you can pay in Social Security for 2013 is $14,098.80. The Medicare portion of the self-employment tax is 2.9% of your income and does not have an income cap.