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U.S. Master Payroll Guide (2011)

U.S. Master Payroll Guide (2011)
This one-source resource to payroll is part of CCH's Master Series of professional guidebooks. You'll find everything you need to know about payroll from employers and their obligations to payroll withholding and tax deposits to payroll management and administration issues.

CCH® PAYROLL — 10/20/09

IRS issues 2010 COLAs applying to dollar limitations for plans

Due to recently-announced cost-of-living adjustments (COLAs), most dollar limitations on benefits and contributions, annual compensation limits, the threshold amount for determining excess distributions, compensation amounts for simplified employee pensions (SEPs), and other dollar limitations applicable to retirement plans will remain the same in 2010.

Employee benefit plans are subject to annually adjusted dollar limitations on benefits, contributions, compensation, and other items. Annual benefit limits are generally calculated based on inflation data from the third fiscal quarter of each year. Adjustments in the limits are rounded down and may not take effect until certain minimum dollar amounts are reached. (IRS New Release IR-2009-94, October 15, 2009.)

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