Benefit ratio definition
Benefit ratio means a number computed to six decimal places on July 1 of each year obtained by dividing the average of all benefits charged to an employer during the five periods of four consecutive calendar quarters immediately preceding the computation date by the employer’s average annual taxable payroll.
Benefit ratio means the result determined by dividing an employer’s benefit charges by the employer’s taxable payroll.
Benefit ratio means the quotient of total benefits charged to an employer's account and paid during the preceding experience period divided by total taxable wages payable by the employer for that experience period excluding any portion of wages for which contributions were not paid as of July 31 of the preceding calendar year;
Examples of Benefit ratio in a sentence
Tesla may terminate Supplier’s right of access or change the method of access to the Internal Tesla Data at any time.
More Definitions of Benefit ratio
Benefit ratio means the price of the Company's share in the TASE on the record date for the right to participate in the said issuance of rights divided by the base price of the Company's share in the TASE “ex-rights”.
Benefit ratio means the quotient of total benefits charged to an employer's account and paid during the preceding experience period divided by total taxable wages payable by the employer for that experience period excluding any
Benefit ratio means the number calculated by dividing the average of all benefits charged to an employer during the twenty‑four calendar quarters immediately preceding the calculation date by the employer’s annual taxable payroll during the same period. If fewer than twenty‑four but more than four calendar quarters of data are available, the data from those available calendar quarters shall be used in the calculation. The benefit ratio must be calculated annually on July first to the sixth decimal place.