Payroll tax rate returns to 6.2 percent
Despite a last minute deal between President Obama and Congress that avoided the fiscal cliff, workers nationwide will see a small reduction to their 2013 paychecks, Business Courier reports. The rate of payroll taxes, which fund Social Security, was held at 4.2 percent over the past two years but returned to 6.2 percent on January 1, 2013. For more, read the full story.
