NYS Comptroller Seal  

Bureau of State Payroll Services

Date: January 2, 2001

 Bulletin No. 225 

Subject 2001 Social Security/Medicare Deductions
Purpose To notify agencies of maximum Social Security tax
Affected Employees All Employees
Specifics The 2001 Social Security tax will be calculated at 6.2% on the first $80,400 of wages resulting in a maximum Social Security tax deduction of $4,984.80. The 1.45% Medicare tax will apply to all taxable wages as there is no wage cap.