Examples of Social Security Taxable Wage Base in a sentence
The contribution will be allocated to your account in the same proportion that your compensation plus your compensation in excess of the Social Security Taxable Wage Base (also called "excess compensation") bears to the total compensation plus "excess compensation" of all eligible Participants.
The contribution will be allocated to your account in the same proportion that your compensation plus your compensation in excess of 100% of the Social Security Taxable Wage Base rounded to the next highest $1 (but not exceeding the Social Security Taxable Wage Base) (also called "excess compensation") bears to the total compensation plus "excess compensation" of all eligible participants.
An Eligible Individual’s eligibility for any Plan Year shall be determined as of November 1 of the preceding Plan Year, based on the Eligible Individual’s position and Compensation, and on the Social Security Taxable Wage Base in effect on that November 1 date.
The term Social Security Taxable Wage Base means the contribution and benefit base in effect under section 230 of the Social Security Act at the beginning of the Plan Year.
The term Social Security Integration Level means the Social Security Taxable Wage Base or such lesser amount specified by the Employer in the Adoption Agreement.