Common use of Elective Deferrals Clause in Contracts

Elective Deferrals. Tax Treatment The amount that you may elect to contribute to your SEP-▇▇▇ is excludable from gross income, subject to the limitations discussed above, and is not includible as taxable wages on Form W-2. However, these amounts are subject to FICA taxes.

Appears in 9 contracts

Sources: Adoption Agreement (Premier Strategic Growth Fund), Adoption Agreement (Dreyfus Global Growth Fund), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc)

Elective Deferrals. Tax Treatment The amount that you may elect to contribute to your SEP-▇▇▇ SEP-IRA is excludable from gross g▇▇▇s income, subject to the limitations discussed above, and is not includible as taxable wages on Form W-2. However, these amounts are subject to FICA taxes.

Appears in 1 contract

Sources: Adoption Agreement (Dreyfus Worldwide Dollar Money Market Fund Inc)