In 1999, there was a limit on the amount of earnings subject to the social security tax true false

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Wade Lin

Social Studies

28 June, 10:24

In 1999, there was a limit on the amount of earnings subject to the social security tax true false

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Terrence Ibarra · Answer 1

The statement is true that in 1999, there was a limit on the amount of earning subject to the Social Security tax. The earnings that was subject to the Social Security tax in that year was $72,600.00. The goal was to maintain the relationship between preretirement earnings and benefits as well as wage rise.