| SUMMARY OF KEY TAX, BENEFIT AND COMPENSATION LIMITS | |||||||||
| Social Security | 2009 | 2008 | 2007 | 2006 | 2005 | ||||
| FICA Wage Base | $106,800 | $102,000 | $97,500 | $94,200 | $90,000 | ||||
| FICA Rate | 6.20% | 6.20% | 6.20% | 6.20% | 6.20% | ||||
| Medicare Wage Base | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | ||||
| Medicare Rate | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | ||||
| Maximum Earnings to Still Receive Full | |||||||||
| Benefits (Under 65) | $14,160 | $13,560 | $12,960 | $12,480 | $12,000 | ||||
| Retirement Plan | 2009 | 2008 | 2007 | 2006 | 2005 | ||||
| 401(k) Maximum Exclusion | $16,500 | $15,500 | $15,500 | $15,000 | $14,000 | ||||
| 401(k) Catch-Up Contribution | $5,500 | $5,000 | $5,000 | $5,000 | $4,000 | ||||
| SIMPLE Contribution | $11,500 | $10,500 | $10,500 | $10,000 | $10,000 | ||||
| Maximum Annual Benefit - Defined Benefit | $195,000 | $185,000 | $180,000 | $175,000 | $170,000 | ||||
| Maximum Contribution - Defined Contribution | $49,000 | $46,000 | $45,000 | $44,000 | $42,000 | ||||
| Maximum Compensation - Defined Contribution | $245,000 | $230,000 | $225,000 | $220,000 | $210,000 | ||||
| Highly Compensated Employee | $110,000 | $105,000 | $100,000 | $100,000 | $95,000 | ||||
| Federal and State Rates and Limits | 2009 | 2008 | 2007 | 2006 | 2005 | ||||
| Business Mileage Rate - cents per mile | $0.550 | $0.585 | $0.485 | $0.445 | $0.405 | ||||
| Federal Unemployment Wage Base | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | ||||
| Federal Unemployment Rate (net of State Credit) | 0.8% | 0.8% | 0.8% | 0.8% | 0.8% | ||||
| State Unemployment Wage Base (most states) | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | ||||
| Standard Deduction - Unmarried | $5,700 | $5,450 | $5,350 | $5,150 | $5,000 | ||||
| Standard Deduction - Married/Surviving Spouse | $11,400 | $10,900 | $10,700 | $10,300 | $10,000 | ||||