Examples of Taxable Wage Base in a sentence
The following amount: $ (Cannot exceed the Taxable Wage Base in effect on the first day of the Plan Year.).
The Employer Contribution allocable to Compensation in excess of the Integration Level (IL) may not exceed 5.4% if the IL is more than 80% but less than 100% of the Taxable Wage Base (TWB) under section 230 of the Social Security Act in effect as of the first day of the Plan Year, and may not exceed 4.3% if the IL is greater than 20% of the TWB, but not more than 80% of the TWB, and greater than $10,000.
The Port shall contribute six and two tenths percent (6.2%) of the Taxable Wage Base on behalf of the members of the bargaining unit up to the annual maximum limits for Social Security to the Port of Seattle Firefighter’s Retirement Fund, in lieu of Social Security.
Effective March 2, 1997, the Port will pay an amount equal to 1.45% of the employees’ Taxable Wage Base to employees hired prior to April 1, 1986.
The discretionary Employer Contribution under AA §6-2 will be allocated under the two-step method (as defined in Section 3.02(a)(1)(ii)(A) of the Plan), using the Taxable Wage Base (as defined in Section 1.132 of the Plan) as the Integration Level.