what is 2016 fica limit
FICA wage base remains $118,500 in 2016. by Alice Gilman on. in Payroll Today. The Social Security Administration has announced that the 2016 taxable wage base for the Social Security portion of FICA will remain $118,500.The 6.2% Social Security tax is payable by both employers and employees; in 2016, the maximum tax is $7,347.he Social Security Administration has announced that the 2016 taxable wage base for the Social Security portion of FICA will remain $118,500.