WebbAs previously reported, the 2024 Social Security wage base is increased from $128,400 to $132,900. (See EY Payroll Newsflash, Vol. 19, #164, 10-11-2024.) The Social Security and Medicare tax rates for both the employer and the employee remain unchanged at 6.2% and 1.45%, respectively. Also unchanged is the Additional Medicare tax. WebbA. Payroll staff will enter employee data into VA’s payroll application system and transmit payroll information to its payroll provider. Both VA and its payroll provider are responsible for maintaining system requirements in compliance with all applicable laws and regulations. Refer to Volume III, Chapter 5, Payroll Operations and Accounting, for
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