Taxable Wage Base definition

Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

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.

Taxable Wage Base means, with respect to any year, the maximum amount of earnings which may be considered wages for such year under Code Section 3121(a)(1).

Examples of Taxable Wage Base in a sentence

• If the amount specified is greater than 80% but less than 100% of the maximum Taxable Wage Base, the 2.7% must be reduced to 2.4%.

• If the amount specified is greater than the greater of $10,000 or 20% of the maximum Taxable Wage Base, but not more than 80%, 2.7% must be reduced to 1.3%.

• If the Taxable Wage Base defined at Section 3(j) is less than or equal to the greater of $10,000 or 20% of the maximum, the 2.7% need not be reduced.

• For purposes of the permitted disparity allocation formulas under this Section 3.04(B)(2), the applicable percentage is: Integration level % of Taxable Wage BaseApplicable %100%5.7%More than 80% but less than 100%5.4%More than 20% (but not less than $10,001) and not more than 80%4.3%20% (or $10,000, if greater) or less5.7% For this purpose, the Taxable Wage Base is the contribution and benefit base under section 230 of the Social Security Act in effect at the beginning of the Plan Year.

• A Participant's Covered Compensation for a Plan Year before the 35-year period ending with the last day of the calendar year in which the Participant attains social security retirement age is the Taxable Wage Base in effect as of the beginning of the Plan Year.

More Definitions of Taxable Wage Base

Taxable Wage Base. The maximum amount of earnings which may be considered "wages" for the Plan Year involved under Code Section 3121(a)(1).

Taxable Wage Base means for any Plan Year, the maximum amount of earnings for the calendar year which includes the beginning of such Plan Year which may be considered wages for such calendar year under section 3121(a)(1) of the Code (which pertains to FICA wages).

Taxable Wage Base means the maximum amount of earnings which may be considered wages for a year under Section 3121(a)(1) of the Code, as in effect as of the first day of the plan year.

Taxable Wage Base. [paragraph 1.63] [X] (i) Not Applicable - Plan is not integrated with Social Security.

Taxable Wage Base means, with respect to any calendar year, the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the calendar year.

Taxable Wage Base means 100% of the taxable wage base as determined under Section 230 of the Social Security Act in effect on the first day of the plan year.

Taxable Wage Base means the contribution and benefit base under section 230 of the Social Security Act.