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New Year Could Signal Shrinking Paychecks on VisionMonday.com

November 9, 2012 12:15 AM

 

NEW YORK—Instead of a raise in the coming year, some employees may see their take-home pay shrink in 2013 due to higher Social Security and Medicare taxes. The maximum amount of earnings subject to the Social Security tax is set to increase as of January 2013. Get all the details about how your paycheck might change in the latest installment of HR Corner.


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