| Maximum IRA Contribution |
| |
2008 |
$5,000 (+$1,000 for 50 or older) |
| |
2007 |
$4,000 (+$1,000 for 50 or older) |
| |
|
|
| 401(k) Contribution Limits |
| |
2008 |
$15,500 (+$5,000 for 50 or older) |
| |
2007 |
$15,500 (+$5,000 for 50 or older) |
| |
|
|
| Business Mileage Rates |
| |
2008 |
50.5 cents/mile
(1/1/2008 - 6/30/2008) |
| |
2008 |
58.5 cents/mile
(7/1/2008 - 12/31/2008) |
| |
|
|
| Other Mileage Rates |
| Charity |
2008 |
14 cents/mile |
| Medical & Moving |
2008 |
19 cents/mile |
| 2007 |
20 cents/mile |
| |
|
|
| Social Security Wage
Base |
| |
2008 |
$
102,000 |
| |
2007 |
$
97,500 |
| |
|
|
| Social Security Exempt Earnings Amount |
| |
2008 |
$
13,560 if under normal retirement age (NRA) |
| |
2007 |
$
12,960 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 |
| |
2007 |
$
7.50 per hour |
| |
|
|
