W-2 Wages definition

W-2 Wages. W-2 wages means wages for federal income tax withholding purposes, as defined under Code §3401(a), plus all other payments to an Employee in the course of the Employer’s trade or business, for which the Employer must furnish the Employee a written statement under Code §§6041, 6051 and 6052, but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or services performed (such as the exception for agricultural labor in Code §3401(a)(2)).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

W-2 Wages means: “Wages” as defined by section 3401(a).

W-2 Wages. : This term means, for the taxable year, the amounts paid out in wages, and contributed as deferrals, to employ- ees with respect to employment during the calendar year ending during such taxable year.

Examples of W-2 Wages in a sentence

If the Employer fails to elect one of the above-referenced definitions, the Employer is deemed to have elected the W-2 Wages definition.
The Employer in its Adoption Agreement must elect one of the following base definitions of Compensation: W-2 Wages, Code §3401(a) Wages, or 415 Compensation.
A Employees and 415 Compensation in all other cases); and/or (ii) for 401(k) plans, define the Contribution Type column headings in a manner which differs from the "all-inclusive" description in the Note immediately preceding Election 9(a) (e.g., Compensation for Safe Harbor Matching Contributions means W-2 Wages and for Additional Matching Contributions means 415 Compensation).
Total Compensation may be defined in AA §5-1 to be either W-2 Wages, Wages under Code §3401(a), or Code §415 Compensation.
Total Compensation is either W-2 Wages, Withholding Wages, or Code §415 Safe Harbor Compensation, as designated under Part 3 of the Agreement.
If the Employer fails to elect one of the above- referenced definitions, the Employer is deemed to have elected the W-2 Wages definition.
The Employer in the Adoption Agreement must elect one of the following base definitions of Compensation: W-2 Wages, Code §3401(a) Wages, or 415 Compensation.
If the Employer has not elected W-2 Wages, the Plan Administrator for such other Plan definitions will use 415 Compensation.
Part C, Table C-3 Exhibit G Exhibit F Company Name Location description City/Address Job Classification /Description # of Full-Time Employees Average Annual W-2 Wages Total Job Payroll Aldi Inc.
AND R CUBED PROPERTIES, LLC THE STATE OF ILLINOIS, ACTING BY AND THROUGH ITS DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY Company name [City/Address Job Classificatiiln/Description # of Full-Time Employees Average Annual W-2 Wages TotalJob Payroll Office and Management $78,000.00 $1,092,000.00 ]Mantifacturing/ Produ_ction Pers 39 $294,545.00 $935,990.00• $i,S49,990.00 j_39_90 _Ha_lN_��-n-�.

More Definitions of W-2 Wages

W-2 Wages means, with respect to

W-2 Wages means wages as defined in Code Section 3401(a) but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2)). Compensation shall include elective contributions as defined in Section 1.2(a). For or purposes of applying the limitations of this Section 5.1, compensation for a limitation year is the compensation actually paid or includible in gross income during such limitation year. Notwithstanding the preceding sentence, compensation for a Participant in a defined contribution plan who is permanently and totally disabled (as defined in Code Section 22(e)(3)) is the compensation such Participant would have received for the limitation year if the Participant had been paid at the rate of compensation paid immediately before becoming permanently and totally disabled; such imputed compensation for the disabled Participant may be taken into account only if the contributions made on behalf of such Participant are nonforfeitable when made.