mam
Dec 15 1999, 02:09 AM
Let's say you are calculating a profit sharing contribution for a Plan whose Plan Year ends on 7/31/1999. This annual contribution is integrated with Social Security, and is posted to the accounts in December 1999. Which taxablw wage base do you use: 1998's or 1999's????
jehmig
Dec 15 1999, 03:36 PM
You would use the TWB in effect on the first day of the plan year. In this case 1998.