Written by Reed Tinsley |
October 17, 2005
On Social Security Online, Automatic Increases, Contribution and Benefit Base, (http://www.ssa.gov/OACT/COLA/cbb.html ), the Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2006 rises to $94,200 from $90,000 in 2005, an increase of about 4.67%.
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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