speed limit

Hey guys i just got a new 2004 toyota corolla, yes i switched over from honda to corolla, lol but i have a question i went to the track the other day and i was pushing the car to its max, i got past the 110 speedo and it went past it so im thinking it hits more then 110 but i dopnt know at what speed it cuts the gas, does any1 know what it is limited at? or anywere i can get this info. thanks

on the 93-97's the fuel cut is at 115 or i wanna say 7000 rpm's. might be a little higher on the newer models because the engines are a little more powerful