Examples of State Income Tax in a sentence
The credit amount earned in each Taxable Year shall not exceed the incremental State income tax withholdings attributable to the Project, as defined by Indiana Code § 6–3.1–13–5 and in accordance with Indiana Code § 6–3.1–13–18.
The Base Withholding Amount is equal to the Base Employment Number multiplied by the base average wage multiplied by the effective State income tax withholdings rate.
Incremental State income tax withholding shall be calculated according to the IDOR’s Departmental Notice #1, and in no event will incremental State income tax withholding be deemed to include any withholding other than State income tax.
The Maximum Credit Amount that will be allowed during the Term of the agreement is defined at Exhibit A; provided, however, the credit amount shall not exceed the lesser of (i) the Company’s proportional performance, and (ii) the incremental State income tax withholdings attributable to the Project, as defined by Indiana Code § 6–3.1–13–5 and in accordance with Indiana Code § 6– 3.1–13–18.
Employer agrees to pay Teacher the sum of _________________________ Dollars ($___________) per annum, less Federal and State income tax, FICA, and other required and/or authorized deductions, payable in 26 equal bi-weekly installments, _________________________ Dollars ($___________), beginning August 1, 2024.