2014 Social Security wage base will increase by $3,300 to $117,000.
The rate of 6.2% for social security remains the same and applies to both the employee and the employer.
The rate of 1.45% for medicare remains the same and applies to both the employee and the employer and applies to the total wages (no limit).
A .9% medicare surtax applies to singles with wages over $200,000 and couples earneing over $250,000. The employer's share is not affected.
Self employed are subject to the surtax.