Federal (2004)
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The OASDI taxable wage limit increases from $87,000 to $87,900. The tax rate remains 6.2% (with a matching employer contribution).

Medicare taxable wage limit remains unlimited and the tax rate remains 1.45% (with a matching employer contribution.)

The federal income tax exemption remains at $3100 (not changed since July 1, 2003).

There are no federal tax table changes as of January 1, 2004.

The FUTA rate/limit remains unchanged.

W-2 and W-3 forms have changed for 2004 requiring an update.