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How Are Social Security Wages Calculated on W2: A Clear and Knowledgeable Guide Social security wages are an essential aspect of the W-2 form, and it is important to understand how they are calculated. Social Security is a federal program that provides benefits to retired, disabled, or deceased workers and their families. The program is funded by taxes paid by both employees and employers, and the Social Security wages reported on the W-2 form are used to determine the amount of taxes owe
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