what is the maximum amount for social security taxes?
Social Security taxes equal 6.2% for employees and 6.2% for employers. So if you make $137,700 or more and pay a tax of 6.2% up to the wage base limit, you'll pay the maximum tax of $8,537.40. Those who have no employer are responsible for paying the entirety of their Social Security tax, which adds up to 12.4%.