This function returns the covered compensation as of Year of
Determination for someone born in
Year of Birth.
The actual taxable wage bases are used up to and including
Law Year.
If Law Year is greater than 2024, then Law Year is
set to 2024.
If the Year of Determination is greater than Law Year,
then TWB Rate is used to scale the wage bases from Law Year
to Year of Determination.
Wage bases are level beyond Year of Determination.
The value returned by the function is rounded to multiples of the
Rounding Value.
If the Rounding Value = 12, then covered compensation is
rounded down
to the next multiple of 12.
If the Rounding Value = 3000, it is rounded according to
current
IRS rules.
If the Rounding Value = 0, then the function will return the
taxable wage base for Year of Birth.
Enter all years as four digits.
TWB Rate should be entered as a decimal. For example,
enter ".05" for 5%.
Enter Parameters:
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