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Wages for Social Security Purposes
1300.1 What are "wages"?
"Wages" means all payment for services you perform for your employer. Wages do not have to take the form of cash. The cash value of all compensation paid to you in any form other than cash is also considered wages (unless the form of payment is specifically not covered under the Social Security Act).
1300.2 What types of income are considered wages?
Wages include bonuses, commissions, fees, vacation pay, cash tips of $20 or more a month, and severance pay.
1300.3 What types of income are NOT considered wages?
Types of income that are not wages include capital gains, gifts, inheritances, investment income, and jury duty pay.
Last Revised: March, 2001
- Actual or Constructive Payment of Wages
- Cash-Pay Tests
- Special Rules for Cash Tips After 1965
- What types of income count under the earnings test?
- Special Provision for Reporting Wages Paid to Domestics
- How is the cash-pay test applied?
- In-Kind Income
- What is earned income?
- Do commissions count as wages?
- When Income is Counted
- Do payments to a profit-sharing or stock bonus plan count as wages?
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