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The
social security rate which was reduced to 4.2% for 2011 and
2012 is now back to 6.2%.
Employers
now have to start withholding Social Security tax at the
6.2% tax rate. According to the
IRS employers should start
withholding by 15 Febryary and make adjustments in workers
pay by the March 31.
Visit the
IRS website for more details.
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