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Minimum Wage for the State of Illinois - Effective July 1, 2010
Adults (18 and older) $8.25 per hour
Youths (17 and younger) $7.75 per hour
Social Security Wage Limit for 2011 = $106,800
for 2012 = $110,100
Social Security Employee Tax Rate for 2011 ONLY = 4.2% (extended until Feb. 29, 2012)
Effective January 1, 2011 - Illinois Withholding = 5%
Standard Business Mileage Rate for 2011 =
51 cents per mile (January 1 - June 30)
55.5 cents per mile (July 1 - December 31)
55.5 cents per mile for 2012
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Recommended Professionals:
Robert J. Siracusano
Wells Fargo Advisors
Financial Advisor
(630) 544-3434
Joseph Bauer
State Farm Insurance
Independent Agent
(773) 486-3600
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