Sentences with phrase «employment up to the cap»

Not exact matches

Self - employed individuals can deduct contributions to a Simplified Employer Pension, or SEP, up to 25 % of pretax income, (20 % of net self - employment income reduced by half of self - employment tax if you are self - employed) capped at $ 54,000.

Usually this is calculated at roughly one month of notice per year of employment up to 2 years maximum, though most low - skill or non-professional vocations would be capped at 1 year.

The Florida Hardest - Hit Fund (HHF) program aims to assist qualified Florida homeowners by providing mortgage assistance for up to 12 months (capped at $ 24,000), or until the homeowner finds adequate employment to resume paying the mortgage (whichever comes first), with up to $ 18,000 available to reinstate a delinquent first mortgage prior to payments being made.

Here is what you need to know about Income Replacement Benefits (IRB's): • IRB's are calculated at 70 % of your average gross income based on your employment history o Your income is calculated as the higher of either (i) the 52 weeks before the accident OR (ii) the 4 weeks before the accident multiplied by 13 o Self - employed income is calculated as the higher of either (i) the 52 weeks before the accident OR (ii) the last fiscal year o If you are receiving other income replacement assistance, such as short term or long term disability benefits, those amounts are deductable from the amount of your IRB eligibility • IRB's are capped at $ 400 per week • The first 7 days of your disability are not covered by IRB's • IRB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely, if after the 2 year mark you are unable to do any occupation for which you are reasonably suited by way of your education, training and experience • The age 65 marks changes in IRB's o If you are already over the age of 65, IRB's are payable up to 208 weeks and gradually reduced over that period o If you reach the age 65 while already receiving benefits, the IRB is converted to a lifetime pension at a reduced rate based on an established formula