§ 220.163. Employee penalty deductions.
81 words·~1 min read·
/us/cfr/t20/s§ 220.163·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the employee earns over $400 in a month and does not report it within the time limit shown in § 220.162(b), a penalty is imposed. The penalty deduction for the first failure to report equals the annuity amount for the first month in which the employee earned over $400. The deduction for a second or later failure to report equals the annuity amount for each month in which the employee earned over $400 and failed to report it on time.