|
Maximum IRA Contribution |
| |
2008 |
$5,000 (+$1,000 for 50 or older) |
| |
2009 |
$5,000 (+$1,000 for 50 or older) |
| |
|
|
| 401(k) Contribution Limits |
| |
2008 |
$15,500 (+$5,000 for 50 or older) |
| |
2009 |
$16,500 (+$5,500 for 50 or older) |
| |
|
|
| Business Mileage Rates |
| |
2008
|
50.5 cents/mile
(1/1 - 6/30)
58.5 cents/mile (7/1 - 12/31) |
| |
2009 |
55 cents/mile |
| |
|
|
| Social Security Wage
Base |
| |
2008 |
$
102,000 |
| |
2009 |
$
106,800 |
| |
|
|
| Social Security Exempt Earnings Amount |
| |
2008 |
$
13,560 if under normal retirement age (NRA) |
| |
2009 |
$
14,160 if under normal retirement age (NRA) |
| |
If your income is over $80,000 (single) or $160,000 married,
you will have to pay some of your Medicare premium. |
| |
|
|
| California Minimum Wage |
| |
2008 |
$
8.00 per hour |
| |
2009 |
$ 8.00 per hour |
| |
|
|
