Home If the social security administration increased the taxable wage base from $94,200 to $97,500 and the 6.2% tax rate is...

If the social security administration increased the taxable wage base from $94,200 to $97,500 and the 6.2% tax rate is…

If the social security administration increased the taxable wage base from $94,200 to $97,500 and the 6.2% tax rate is unchanged what is the percent increase in the base rounded to nearest hundredth percent?

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Geraldine earned over $100,000 each of the past two years. What is her increase in the base?

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