Anyone know why social security tax decreased on this paycheck

Posting as :
works at
You are currently posting as works at

Congrats, you’ve made more than $147,000 this year. Social security tax is only taken out of your first $147k in earnings.

like

There is a cap. It's like 9k or something based on like 149k in taxable income... roughly

You hit the threshold. Congratulations!

Related Posts

If you had to guess when oncycle will be, what would you say? I’ve heard funds were disappointed by participation rates and quality last time, so I’m curious to see if they can show enough discipline to wait this year.

like

Looking for a new home in Maine?

like

Hello and happy Thanksgiving! What are the pros and cons of living in San Diego vs San Francisco? I’m from NY and looking to move to one of those locations. I’m hoping to get more info on rent, dating, entertainment, taxes, and job stability.

like

Does anyone have any good mortgage broker recommendations that will help find a way to not pay PMI?

like

Does it always make sense to max out your HSA? I have ~$6k parked there now as a healthy 28 yo with virtually no healthcare utilization

likesmart

Tempted to buy 1 BTC ..

like

30 July was special.
Salary credited. Tax debited.
Both were equal.
Ab pura August daal-chawal khaake!

funnylike

Angel investors : What returns do you expect when investing? Also what’s your range of investment?

like

Parents are deciding between moving to WVirginia vs Virginia at retirement to be closer to us based in fairfax (ideally be at 1 hour driving distance). They currently in the mid west but WVirginia appeals to them because of low taxes, low cost of living. We are also poc so appreciate some diversity.

What are some areas you would recommend both in Va and WV? What else should they consider prior to house hunting? Dad likes to garden/farm as well so looking for homes with large backyards. Tia!

like

Using Robinhood to do some day trading. Bought a share of Amazon a few months back and have almost 30% ROI. Should I sell? It seems like it is too high right now and the bottom could fall any moment.

like

Roth vs Traditional 401k, thoughts?

like

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

Best way to get a home improvement loan? Any red flags/tricks to know? Is it worth it if o have the cash (would wipe out a lot of savings). Kitchen and removing walls is about $80k

like

Any thoughts on buying the PRCH dip? One of the high valuation stocks that got killed the last 6 months; however strong analyst consent that this is a Buy.

like

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

Beginning to invest. Which is better? Merrill edge or fidelity ? Have a BofA bank account and an employer Fidelity account for RSUs. Also have a TRoweprice 401k account from past employer.

like

Is it better to have SFH for monthly cash flow or passive MF deals through a private syndicate? Friend told me that you need to have $1.5m invested in MF to generate 60k a year approx but it’s much better than dealing with tenants and maintenance. Just wanted to get peoples thoughts on becoming financially free through these two real estate methods

like

What’s your target retirement number and at what age do you plan to retire?
Of course I know it depends on a wide range of factors, but I’m curious to get a sample from this group.
Mine is $5M at 55.

like

I make $101K base salary as a Consultant/Specialist at Accenture Federal in Washington, DC. My husband is a teacher making $55K. We’re getting by with our mortgage and regular student loan payments, but it’s not enough to do much else. We also want to start a family in a few years. What move could I make to hit $150K base? So many of you are making unbelievable amounts… I don’t know how to keep up.

like

I’m moving to SF at the end of summer. Is it common for single people in their early 30s to have roommates?

I could afford a $4k 1bd/1ba place and understand the HCOL, but that much for rent seems excessive to live close to work in downtown SF especially with student loans, etc.

like

More Posts

I’m trying to get into the tech field from government consulting as a data analyst, any tips or tricks?

like

Has anyone ever left finance (or know someone that has) to do something completely different? My experience is split between FP&A and accounting and while I have progressed, I am becoming depressed b/c I feel like I’m in the wrong field. I am generally a motivated, high performing person, but I al starting to slip up and care less, b/c my work is not satisfying to me. I know I just sound like a complainer, but does anyone have any advice?

like

Anyone have a sense of LinkedIn Bizops associate salary band? 3 years of experience. What’s a good salary + equity?

like

What’s the CD salary range for an NYC agency? $200k - $250k?

likehelpful

Any stylish backpack recommendations? Looking for something small (~15L) and it must have a carryon handle strap on the back

like

I heard most of us are off for some holiday next week, so enjoy the day off to prepare for the holiday!

like

What’s the worse have you done out of spite at work?

like

Anyone have insight on Business Transformation, Digital Strategy Practice in FSO?

I got the impression this was a small but fast growing team on the west coast, and the work sounds like a combination of product, agile delivery, and roadmap dev. But, as an outsider to the firm, I’d be curious for EY-ers’ thoughts/perceptions on the practice. Is it generally well regarded? How is the practice leadership & culture? Is it truly a hot/growing market like my interviewers have portrayed it as?

like

Looking for advice: I’m a Junior Copywriter graduating in May and looking to start a position in mid June - July. When is the right time to start applying?

like

What’s a great idea to do for second stream of income? I work overnight and a online college student however, with all this I feel I have so much time on my hand through out the day.

like

If anyone is interested in forming a case chain or is already in one for McKinsey interviews, drop a comment

like

Looking to do a Mock interview for Microsoft MBA Aspire program! Microsoft

How can this bowl contribute to your goals or otherwise support you?

Post Photo

Hi Guys.. I have an interview scheduled with JP Morgan Chase. May I know what would be the max limit salary which I could ask for 7.3 YOE, Java Full Stack Engineer.

like

Hello All,

I had my LTI L1 and L2 rounds and was selected.
Hr asked for documents and also had a call for salary discussion.
Now they have asked me to attend L3 interview Tomrw?
Any idea why they want to have one more round after HR discussion?
Is it common?

like

I messed up my screenshare in a meeting with 2 colleagues and showed my personal email that had scheduling info for my onsite interviews with another company. I closed it but it was up long enough for them to see it. Now they both pretend like they saw nothing and I felt panic for some reason. How were your experiences when letting it out the bag early like that?

like

Anyone use OtterAI to take notes on calls/do you recommend it?

like

If you owned your own firm, what would you do to improve staff retention for Black employees?

likeuplifting

Hello 🐠

Are your firms transitioning to golden visas? If yes, at what level? Please answer with firm - level. Thanks!

like

Hey fishes,
Need urgent information.
What could be the in hand salary for below compensation plan?

Post Photo
like

Additional Posts in New York City

Strategies for dealing with do-nothing landlord? I’m at my wits end with building machinery noise keeping me up all night for weeks without any help from the landlord. Repeated calls, texts, emails

like

Recommendations on a good restaurant mid price ranged near grand central? Thanks in advance :)

like

Got my bachelors degree in civil engineering in China. Passed all four CPA exams in 2010. I have less than 1 yr exp working in a CPA firm. What do I need to do to get the CPA License in NY?

like

Setting up ConEdison for first time. How much should I expect to pay in monthly utilities for a studio (heat, gas, water incl)?

like

Anyone wanna come out drinking? 29M NYC

like

Do you tip all of your front desk staff the same amount for the holidays? Or… pick favorites?

like

Can someone recommend a good photographer for headshots? I’ve tried two so far with mixed results. Don’t really like the final product and most are not great for a professional setting.

like

Thoughts on living in Bushwick or Ridgewood, is it worth the cheaper rent/more space?

like

Is the skiing at Whiteface worth the trek up to Lake Placid?

like

a question for my fellow asian women - moving there in a few months and wondering how safe you all feel? i know it’s been a scary time with increased hate crimes. open to hearing any insights, tips, experiences. stay safe ❤️

like

NYC's salary transparency law went into effect today. Hope we see actual enforcement, otherwise bad actors like Citi will do things like this:

Post Photo
funnylikehelpful

How much do you spend monthly on self care & what does it include?

like

What are your plans this weekend? 9/10 - 9/11 edition

Visiting nyc over nye with family - is there any way to do a low key dinner at a restaurant or is everything ticketed

like

What's expected base + bonus for Associate 2 in IB at a non bulge bracket bank?

like

Hello! I’d like to get a puppy soon but I’m not sure where to go! Any recs? Id like to adopt

like

How much do professional, high-earning (300k+) people put down as down payment for their first home / condo in Manhattan? 20% seems pretty high given the median prices, but looks like thats standard

like

Has anyone set up an NY 529 for their kids? Know there’s a 10k tax exemption for NY state taxes, but does anyone know if that per child, or across all children?

like

What's the best rent splitter online? Most accurate for sqft, etc?

Hi fellow healthcare 🐠! Vynamic is currently hiring experienced consultants in the NYC market. If you’re looking to make a move, we have great pay and benefits, outstanding work/life balance and solid leadership. Life science/launch experience is a plus, but we’re hiring for experience in all sectors. If interested, DM me and I can answer any questions you have.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal