- annualized tax
means, with respect to any payment, the amount of tax which would be imposed by section 1(c) 1 (determined without regard to any rate of tax in excess of the fourth lowest rate of tax applicable under section 1(c) 1) on an amount of taxable income equal to the excess of—
- annuity
means any amount paid to an individual as a pension or annuity.
- broker
has the meaning given to such term by section 6045(c)(1).
- commercial annuity
means an annuity, endowment, or life insurance contract issued by an insurance company licensed to do business under the laws of any State.
- designated distribution
means any distribution or payment from or under—
- differential wage payment
means any payment which—
- eligible rollover distribution
has the meaning given such term by section 402(f)(2)(A).
- employee
includes an officer, employee, or elected official of the United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing.
- employer
means the person for whom an individual performs or performed any service, of whatever nature, as the employee of such person, except that—
- employer deferred compensation plan
means any pension, annuity, profit-sharing, or stock bonus plan or other plan deferring the receipt of compensation.
- miscellaneous payroll period
means a payroll period other than a daily, weekly, biweekly, semimonthly, monthly, quarterly, semiannual, or annual payroll period.
- nonperiodic distribution
means any designated distribution which is not a periodic payment.
- other reportable payment
means any payment of a kind, and to a payee, required to be shown on a return required under—
- payor
means, with respect to any reportable payment, a person required to file a return described in paragraph (2) or (3) of subsection (b) with respect to such payment.
- payroll period
means a period for which a payment of wages is ordinarily made to the employee by his employer, and the term “miscellaneous payroll period” means a payroll period other than a daily, weekly, biweekly, semimonthly, monthly, quarterly, semiannual, or annual payroll period.
- periodic payment
means a designated distribution which is an annuity or similar periodic payment.
- plan administrator
has the meaning given such term by section 414(g).
- readily tradable instrument
means—
- reportable interest or dividend payment
means any payment of a kind, and to a payee, required to be shown on a return required under—
- reportable payment
means—
- securities of the employer corporation
has the meaning given such term by section 402(e)(4)(E).
- sick pay
means any amount which—
- specified Federal payment
means—
- stop date
means the determination effective date or, if later, the earlier of—
- supplemental unemployment compensation benefits
means amounts which are paid to an employee, pursuant to a plan to which the employer is a party, because of an employee’s involuntary separation from employment (whether or not such separation is temporary), resulting directly from a reduction in force, the discontinuance of a plant or operation, or other similar conditions, but only to the extent such benefits are includible in the employee’s gross income.
- the amount of wages
means the amount by which the wages exceed the taxpayer’s withholding allowance, prorated to the payroll period.
- vehicle fringe benefit
means any fringe benefit—
- wages
includes tips received by an employee in the course of his employment.
- winnings which are subject to withholding
means proceeds from a wager determined in accordance with the following: