WageBaseMed

WageBaseMed returns the Medicare Hospital Insurance taxable wage base for a year. Note that beginning in 1994 there is no longer a limit to the wages subject to Medicare tax. Unlike the Social Security tax, there is no income limit on the Medicare tax. All covered wages are subject to Medicare tax.

Year	Medicare Wage Base
Prior to 1966	$0
1966 - 1990	Same as Social Security wage base (e.g. $51,300 in 1990)
1991	$125,000
1992	$130,200
1993	$135,000
1994 and later	No limit

Syntax

WageBaseMed (DeterminationYear)

Parameter Name	Description
DeterminationYear	A 4 digit number.