Page:United States Statutes at Large Volume 72 Part 1.djvu/1061

 72

STAT.]

PUBLIC LAW 85-840-AUG. 28, 1958

1019

215 (and of the other provisions) of the Social Security Act as amended by this Act in lieu of the amount determined without regard to this subsection. INCREASE IN EARNINGS BASE FROM $4,200 TO $4,800

Definition of Wages SEC. 102. (a)(1) Paragraph (2) of section 209(a) of the Social Security Act is amended to read as follows: "(2) That part of remuneration which, after remuneration (other than remuneration referred to in the succeeding subsections of this section) equal to $4,200 with respect to employment has been paid to an individual during any calendar year after 1954 and prior to 1959, is paid to such individual during such calendar year;"'. (2) Section 209(a) of such Act is further amended by adding at the end thereof the following new paragraph: "(3) That part of remuneration which, after remuneration (other than remuneration referred to in the succeeding subsections of this section) equal to $4,800 with respect to employment has been paid to an individual during any calendar year after 1958, is paid to such individual during such calendar year;".

42 USC 409.

Definition of Self-Employment Income (b) Paragraph (1) of section 211(b) of the Social Security Act is amended to read as follows: " (1) That part of the net earnings from self-employment which is in excess of— " (A) For any taxable year ending prior to 1955, (i) $3,600, minus (ii) the amount of the wages paid to such individual during the taxable year; and " (B) For any taxable year ending after 1954 and prior to 1959, (i) $4,200, minus (ii) the amount of the wages paid to such individual during the taxable year; and " (C) For any taxable year ending after 1958, (i) $4,800, minus (ii) the amount of the wages paid to such individual during the taxable year; or".

42 USC 4n.

Definitions of Quarter and Quarter of Coverage (c) Clauses (ii) and (iii) of section 213(a)(2)(B) of the Social Security Act are amended to read as follows: "(ii) if the wages paid to any individual in any calendar year equal $3,600 in the case of a calendar year after 1950 and before 1955, or $4,200 in the case of a calendar year after 1954 and before 1959, or $4,800 in the case of a calendar year after 1958, each quarter of such year shall (subject to clause (i)) be a quarter of coverage; "(iii) if an individual has self-employment income for a taxable year, and if the sum of such income and the wages paid to him during such year equals $3,600 in the case of a taxable year beginning after 1950 and ending before 1955, or $4,200 in the case of a taxable year ending after 1954 and before 1959, or $4,800 in the case of a taxable year ending after 1958, each quarter any part of which falls m such year shall (subject to clause (i)) be a quarter of coverage;".

42 USC 4i3.

�