Self-employment income (SEI) and agricultural employment are not applicable in years
prior to 1951. MQGE earnings cannot be used to derive Social Security (Retirement,
Survivors and Disability Insurance, or RSDI) taxes. Statement system computes the tax on earnings up to the maximum taxable amount posted to the MEF for each given year. The final computed tax amount must be rounded down to the nearest
EXAMPLE: If the final computed RSDI tax amount is $496.96, then the amount that will be displayed
on the Statement will be $496. (No cents are displayed on the Statement).
Because railroad earnings are FICA earnings, taxes on these earnings since 1973 are calculated at the FICA
rate. Prior to 1973, the tax rate for railroad earnings was actually different than
the FICA rate, but the Statement 2001 system cannot determine the correct rate; therefore, taxes for railroad earnings
will not be computed or displayed until 1973.
Statement 2001 totals the yearly tax amounts for an aggregate tax amount and displays this total on the statement. It also computes and displays an aggregate
total for the corresponding taxes paid by the SSN holder's employers on the posted wages.