Jump to content

  • Announcements

    • AutoShopOwner

      Advertising & Promoting Your Company On AutoShopOwner - Information   02/25/2017

      This message is only shown to FREE members and goes away after subscribing to a paid membership. If you are joining AutoShopOwner to promote your business, service, or product to this community of auto shop owners, please subscribe to a Sponsor Member Annual Package before doing so. With the correct membership, you will have the ability to post about your company in your posts and forum signature.

      You can upgrade your existing membership here.

      All marketing attempts to this community without proper membership level and/or approval by staff, will be considered spam, result in topic/post removal, and a warning, which can lead up to the banning of your membership, company and/or product on all pages of AutoShopOwner.

      Thank you for your support.
Joe Marconi

Increase in Social Security Affects staff and customers

Recommended Posts

It might be a good idea to create a memo about the rise in social security taken out of everyone’s pay and give it to your employees. Many people may not realize what the increase is and how it will affect their take-home pay. Social security tax is now 6.2%, up from 4.2%.


That means a family that earns $50,000 a year, will see an extra $1,000 deducted from their paychecks this year. That comes to an extra $40 a paycheck. Less take home pay means less money spent in the economy too, so we all need to see how this plays out for business.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now