This function returns a table of covered compensation values as of Year of Determination. 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 a table of the taxable wage bases. Enter all years as four digits. TWB Rate should be entered as a decimal. For example, enter ".05" for 5%.

Enter Parameters:

Year of Determination:
Law Year:
TWB Rate:
Rounding Value:


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