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Workers may notice a i higher deduction for social l security when they get their paychecks in 1979, Bruce A. ► Hundley, social security \ manager in Culpeper, said recently.
This is because the social security tax rate for 1979 will be 6.13 per cent, compared to 6.05 per cent in 1978, Hundley explained. The increase amounts to an additional 8 cents on every $100.00 in pay.
In addition to paying the higher rates, workers who earn more than $17,700 will pay the tax on a larger share of their income in 1979, Hundley said. The maximum amount of earnings subject to social security taxes in 1979 is $22,900, compared to the $17,700 maximum in 1978.
People who earn $22,900 or more in 1979 will pay. $1,403.77 in social security taxes, which is $332.92 more than the maximum payable in 1978, Hundley said. But,
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90.7%