When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.
How Are Distributions from a Xxxx XXX Taxed for Federal Income Tax Purposes Amounts distributed to you are generally excludable from your gross income if they (i) are paid after you attain age 59½, (ii) are made to your beneficiary after your death, (iii) are attributable to your becoming disabled, (iv) subject to various limits, the distribution is used to purchase a first home or, in limited cases, a second or subsequent home for you, your spouse, or you or your spouse’s grandchild or ancestor, or (v) are rolled over to another Xxxx XXX. Regardless of the foregoing, if you or your beneficiary receives a distribution within the five-taxable-year period starting with the beginning of the year to which your initial contribution to your Xxxx XXX applies, the earnings on your account are includable in taxable income. In addition, if you roll over (convert) funds to your Xxxx XXX from another individual retirement plan (such as a Traditional IRA or another Xxxx XXX into which amounts were rolled from a Traditional IRA), the portion of a distribution attributable to rolled-over amounts which exceeds the amounts taxed in connection with the conversion to a Xxxx XXX is includable in income (and subject to penalty tax) if it is distributed prior to the end of the five-tax-year period beginning with the start of the tax year during which the rollover occurred. An amount taxed in connection with a rollover is subject to a 10% penalty tax if it is distributed before the end of the five-tax-year period. As noted above, the five-year holding period requirement is measured from the beginning of the five-taxable-year period beginning with the first taxable year for which you (or your spouse) made a contribution to a Xxxx XXX on your behalf. Previously, the law required that a separate five-year holding period apply to regular Xxxx XXX contributions and to amounts contributed to a Xxxx XXX as a result of the rollover or conversion of a Traditional IRA. Even though the holding period requirement has been simplified, it may still be advisable to keep regular Xxxx XXX contributions and rollover/ conversion Xxxx XXX contributions in separate accounts. This is because amounts withdrawn from a rollover/conversion Xxxx XXX within five years of the rollover/conversion may be subject to a 10% penalty tax. As noted above, a distribution from a Xxxx XXX that complies with all of the distribution and holding period requirements is excludable from your gross income. If you receive a distribution from a Xxxx XXX that does not comply with these rules, the part of the distribution that constitutes a return of your contributions will not be included in your taxable income, and the portion that represents earnings will be includable in your income. For this purpose, certain ordering rules apply. Amounts distributed to you are treated as coming first from your non-deductible contributions. The next portion of a distribution is treated as coming from amounts which have been rolled over (converted) from any non-Xxxx IRAs in the order such amounts were rolled over. Any remaining amounts (including all earnings) are distributed last. Any portion of your distribution which does not meet the criteria for exclusion from gross income may also be subject to a 10% penalty tax. Note that to the extent a distribution would be taxable to you, neither you nor anyone else can qualify for capital gains treatment for amounts distributed from your account. Similarly, you are not entitled to the special five- or ten- year averaging rule for lump-sum distributions that may be available to persons receiving distributions from certain other types of retirement plans. Rather, the taxable portion of any distribution is taxed to you as ordinary income. Your Xxxx XXX is not subject to taxes on excess distributions or on excess amounts remaining in your account as of your date of death. You must indicate on your distribution request whether federal income taxes should be withheld on a distribution from a Xxxx XXX. If you do not make a withholding election, we will not withhold federal or state income tax. Note that, for federal tax purposes (for example, for purposes of applying the ordering rules described above), Xxxx IRAs are considered separately from Traditional IRAs.
Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one
How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)
Adjustment Plan (A) If the Employer introduces or intends to introduce a measure, policy, practice or change that affects the terms, conditions or security of employment of a significant number of employees by classification to whom the Collective Agreement applies;
C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Client agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period) the Client shall, in the 6 month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than 30 Working Days) to agree a variation in the Contract Price.
Adjustments to Security The Security provided by Interconnection Customer at or before execution of the Interconnection Service Agreement (a) shall be reduced as portions of the work are completed, and/or (b) shall be increased or decreased as required to reflect adjustments to Interconnection Customer’s cost responsibility, as determined in accordance with Section 217, to correspond with changes in the Scope of Work developed in accordance with Transmission Provider’s scope change process for interconnection projects set forth in the PJM Manuals.
Calculation of Liquidation Amount Upon the occurrence of a Liquidation Date:
Adjustment of the Contract Sum shall include profit. No adjustment shall be made to the extent:
Range of Cost Plus Fixed Fee Actual wages must be within the allowable range shown on the Final Cost Proposal. DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 ATTACHMENT E – FEE SCHEDULE Final Cost Proposal (FCP) Supporting Basis of Payment * The MAXIMUM AMOUNT PAYABLE is $_1,000,000.00 . The maximum amount payable is based on the following data and calculations: * Maximum amount payable must be negotiated for each work authorization. ATTACHMENT E- FEE SCHEDULE SPECIFIED RATE AND LUMP SUM PAYMENT BASIS PRIME PROVIDER NAME: Xxxxxxx Consulting Services, Inc. DIRECT LABOR LABOR/STAFF CLASSIFICATION YEARS OF EXPERIENCE HOURLY BASE RATE HOURLY CONTRACT RATE Principal/Senior Project Advisor 10 to 20 $85.00 $251.20 Quality Manager 10 to 20 $75.00 $221.64 Senior Engineer 15+ $70.00 $206.87 Senior Scheduler 15+ $70.00 $206.87 Admin/Clerical $24.00 $70.93 Senior Project Analyst $50.00 $147.76 Project Analyst $40.00 $118.21 Senior Engineer Tech 15+ $39.00 $115.26 Engineer Tech 5 to 15 $31.00 $91.61 INDIRECT COST RATE: 168.66% PROFIT RATE: 10.0% Contract rates include labor, overhead, and profit. All rates are negotiated rates and are not subject to change or adjustment. Specified Rate Payment Basis - Contract rates to be billed. Documentation of hours must be maintained and is subject to audit. Lump Sum Payment Basis - Invoice by deliverable, according to the table of deliverables. Documentation of hours worked not required. Note: Any direct labor, unit cost, or other direct expense classification included in the contract, but not in a work authorization, is not eligible for payment under that work authorization. DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 ATTACHMENT E- FEE SCHEDULE SPECIFIED RATE AND LUMP SUM PAYMENT BASIS SUBPROVIDER NAME: HDR Engineering, Inc. DIRECT LABOR LABOR/STAFF CLASSIFICATION YEARS OF EXPERIENCE HOURLY BASE RATE HOURLY CONTRACT RATE Project Manager 10 to 20 $80.00 $219.46 Senior Scheduler 15+ $70.00 $192.03 Scheduler IV 10 to 15 $60.00 $164.60 Scheduler III 5 to 10 $50.00 $137.16 Admin/Clerical $24.00 $65.84 INDIRECT COST RATE: 149.39% PROFIT RATE: 10.0% Contract rates include labor, overhead, and profit. All rates are negotiated rates and are not subject to change or adjustment. Specified Rate Payment Basis - Contract rates to be billed. Documentation of hours must be maintained and is subject to audit. Lump Sum Payment Basis - Invoice by deliverable, according to the table of deliverables. Documentation of hours worked not required. Note: Any direct labor, unit cost, or other direct expense classification included in the contract, but not in a work authorization, is not eligible for payment under that work authorization. DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 ATTACHMENT E- FEE SCHEDULE SPECIFIED RATE AND LUMP SUM PAYMENT BASIS SUBPROVIDER NAME: DGR Consultants, LLC. DIRECT LABOR LABOR/STAFF CLASSIFICATION YEARS OF EXPERIENCE HOURLY BASE RATE HOURLY CONTRACT RATE Project Manager 10 to 20 $72.00 $182.08 Scheduler III 5 to 10 $42.00 $106.21 Admin/Clerical $24.00 $60.69 Senior Project Analyst $46.00 $116.33 Project Analyst $40.00 $101.16 Junior Project Analyst 1 to 5 $28.00 $70.81 Technical Writer 5 to 15 $28.00 $70.81 INDIRECT COST RATE: 129.90% PROFIT RATE: 10.0% Contract rates include labor, overhead, and profit. All rates are negotiated rates and are not subject to change or adjustment. Specified Rate Payment Basis - Contract rates to be billed. Documentation of hours must be maintained and is subject to audit. Lump Sum Payment Basis - Invoice by deliverable, according to the table of deliverables. Documentation of hours worked not required. Note: Any direct labor, unit cost, or other direct expense classification included in the contract, but not in a work authorization, is not eligible for payment under that work authorization. DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 PS No. 6877 ATTACHMENT E- FEE SCHEDULE OTHER DIRECT EXPENSES RATES SHOWN APPLY TO PRIME PROVIDER AND ALL SUBPROVIDERS SERVICES TO BE PROVIDED UNIT FIXED COST MAXIMUM COST Lodging/Hotel - Taxes and Fees day/person $30.00 Lodging/Hotel (Taxes/fees not included) day/person Current State Rate Meals (Excluding alcohol & tips) (Overnight stay required) day/person Current State Rate Mileage mile Current State Rate Rental Car Fuel gallon $4.00 Rental Car (Includes taxes and fees; Insurance costs will not be reimbursed) day $70.00 Air Travel - In State - Short Notice (Coach) Rd Trip/person $450.00 Air Travel - In State - 2+ Wks Notice (Coach) Rd Trip/person $350.00 Air Travel - Out of State - 2+ Wks Notice (Coach) Rd Trip/person $550.00 Air Travel - Out of State - Short Notice (Coach) Rd Trip/person $750.00 Taxi/Cab fare each/person $30.00 Parking day $25.00 Toll Charges each $5.00 Standard Postage letter Current Postal Rate Certified Letter Return Receipt each Current Postal Rate Overnight Mail - letter size each Current Postal Rate Overnight Mail - oversized box each $40.00 Courier Services each $30.00 Photocopies B/W (11" X 17") each $0.20 Photocopies B/W (8 1/2" X 11") each $0.10 Photocopies Color (11" X 17") each $0.30 Photocopies Color (8 1/2" X 11") each $0.30 Digital Ortho Plotting sheet $2.00 Plots (B/W on Bond) per sq. ft. $0.65 Plots (Color on Bond) per sq. ft. $1.50 Plots (Color on Photographic Paper) per sq. ft. $4.30 Color Graphics on Foam Board square foot $10.00 Presentation Boards 30" X 40" Color Mounted each $100.00 Report Printing each $50.00 Report Binding and tabbing each $5.00 Notebooks each $5.00 Reproduction of CD/DVD each $5.00 CDs each $1.00 4" X 6" Digital Color Print picture $0.50 Profit not allowed on Other Direct Expenses. For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Fixed cost items to be billed at the fixed cost rate. Documentation, such as a usage log, must be maintained for audit purposes, and may be required to be submitted as a basis for reimbursement. For items with a maximum cost, actual cost to be billed not to exceed the maximum shown. Itemized receipts must be maintained for audit purposes, and may be required to be submitted as a basis for reimbursement. For Lump Sum - No documentation required. Invoicing by physical percent complete includes combination of direct labor and other direct expenses. NOTE: For Cost Plus Fixed Fee, Specified Rate, and Unit Cost - Miscellaneous other direct expenses up to $100 per unit will be reimbursed at cost if approved and documented in advance by the State's Project Manager. Miscellaneous other direct expenses of $100 per unit or more will not be reimbursed unless a supplemental agreement to the contract and work authorization (if WAs are used) has been executed in advance authorizing the miscellaneous other direct expenses. No more than $2,500 in miscellaneous other direct expenses may be approved by the State's Project Manager over the life of this contract including prime provider and subproviders. For Lump Sum - This statement does not apply. DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 WAs Used Contract No. 46-7IDP5004 PS No. 6877 ATTACHMENT F Not Applicable Engineering–Engineering_IndefDelwWA.doc Page 1 of 1 Attachment F DocuSign Envelope ID: C0936033-F892-4843-82BB-11AFD29375C1 ATTACHMENT G Computer Graphics Files for Document and Information Exchange
