§ 404.1260. Amount of contributions—for wages paid prior to 1987.
57 words·~1 min read·
/us/cfr/t20/s§ 404.1260·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The State's contributions are equal to the product of the applicable contribution rate (which is equivalent to both the tax rates imposed under sections 3101 and 3111 of the Internal Revenue Code) times the amount of wages actually or constructively paid for covered services each year (subject to the wage limitations in § 404.1047) to the employee.