High earners pay Social Security on only a portion of their incomes. Their Social Security withholding stops for the year when their incomes hit a certain threshold known as thewage base. This limit changes every year to keep pace with inflation. The 2024 limit for paying FICA taxes is $168...
Medicare Withholding after 65 You may think that once you start using Medicare and collecting Social Security benefits, taxation for these items will cease. That is not true. As long as you have earned income, even after retirement, you continue to contribute to Social Security and Medicare with...
We have designed our compensation and benefits programs to meet the unique needs of employees in our various business segments. These programs are intended to attract, reward and retain talent that reflects local communities and customers, while instilling an ownership mentality in our work. We ...
Our effective income tax rate for both periods is primarily due to not recognizing tax benefits on certain current period losses as well as forecasted income taxes due in certain foreign and state jurisdictions in which we operate. We recognized an income tax expense of $6.8 million, or (1.9)...
The amount of the tax withholding obligations due upon the vesting of shares of restricted stock is dependent on the price of our shares of Class A Common Stock on the New York Stock Exchange on the applicable vesting date. The higher the price of the shares of our Class A Common Stock ...