ANNOUNCEMENTS

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IRS ANNOUNCEMENTS:  

2012

SOCIAL SECURITY LIMIT:  $110,100
401K MAXIMUM:  $17,000 - Total Comp = $250,000
401K CATCH-UP:  $5,500 for a total of $22,500
BUSINESS MILEAGE: 55.5 cents
MOVING/MEDICAL: 23.5 cents
CHARITABLE: 14 cents


Effective July 1, 2011 the mileage is increased to 55.5 cents
Moving/Medical is increased to 23.5 cents

2011                                                                                            2010

SOCIAL SECURITY LIMIT:  $106,800                                            SOCIAL SECURITY LIMIT:  $106,800
401K MAXIMUM:  $16,500 - TOTAL COMP = $245,000                   401k MAXIMUM:  $16,500 - TOTAL COMP = $245,000
401K CATCH-UP:  $5,500 for a total of $22,000                             401K CATCHUP REMAINS AT:  $5,500 for a total of $22,000
BUSINESS MILEAGE:  55.5 cents/mile                                         BUSINESS MILEAGE:  55 cents/mile
MEDICAL/MOVING MILEAGE:  23.5 cents                                     Medical/Moving mileage:  24 cents
CHARITABLE MILEAGE:  14 cents                                                Charitable mileage:  14 cents
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