Page:United States Statutes at Large Volume 91.djvu/1588

 91 STAT. 1554

42 USC 429.

42 USC 430.

42 USC 409.

42 USC 402. 42 USC 405. "Period."

26 USC 6011. 42 USC 418.

PUBLIC LAW 95-216—DEC. 20, 1977 Any amount determined under this paragraph which is not a multiple of $1 shall be reduced to the next lower multiple of $1.". (d) Section 229(a) of such Act is amended— (1) by striking out "shall be deemed to have been paid, in each calendar quarter occurring after 1956 in which he" and inserting in lieu thereof ", if he", and (2) by striking out "wages (in addition to the wages actually paid to" him for such service) of $300." at the end thereof and inserting in lieu thereof the following: "shall be deemed to have been paid— "(1) in each calendar quarter occurring after 1956 and before 1978 in which he was paid such wages, additional wages of $300, and "(2) in each calendar year occurring after 1977 in which he was paid such wages, additional wages of $100 for each $300 of such wages, up to a maximum of $1,200 of additional wages for any calendar year.". (e)(1) Section 230(b) of such Act is amended by striking out the last sentence. (2) Section 230(b)(1) of such Act is amended to read as follows: "(1) the contribution and benefit base which is in effect with respect to remuneration paid in (and taxable years beginning in) the calendar year in which the determination under subsection (a) is made, and". (3) Section 230(b)(2) of such Act is amended to read as follows: "(2) the ratio of (A) the average of the total wages (as defined in regulations of the Secretary and computed without regard to the limitations specified in section 209(a)) reported to the Secretary of the Treasury or his delegate for the calendar year before the calendar year in which the determination under subsection (a) is made to (B) the average of the total wages (as so defined and computed) reported to the Secretary of the Treasury or his delegate for the calendar year before the most recent calendar year in which an increase in the contribution and benefit base was enacted or a determination resulting in such an increase was made under subsection (a),". (f)(1) Effective with respect to convictions after December 31, 1977, section 202(u)(1)(C) of such Act is amended by striking out "quarter" wherever it appears and inserting in lieu thereof "year". (2)(A) Section 205(c)(1) of such Act is amended by striking out " (as defined in section 211(e))". (B) Section 205(c)(1) of such Act is further amended by adding at the end thereof the following new subparagraph: "(D) The term 'period' when used with respect to self-employment income means a taxable year and when used with respect to wages means— "(i) a quarter if wages were reported or should have been reported on a quarterly basis on tax returns filed with the Secretary of the Treasury or his delegate under section 6011 of the Internal Revenue Code of 1954 or regulations thereunder (or on reports filed by a State under section 218(e) or regulations thereunder), "(ii) a year if wages were reported or should have been reported on a yearly basis on such tax returns or reports, or "(iii) the half year beginning January 1 or July 1 in the case of wages which were reported or should have been reported for calendar year 1937.".

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