Assertion: excess wage | /r/HasProperty | subtracted
Facets:
value: from the employee's total wages
type: OTHER
value: from gross income
type: OTHER
Source sentences:
text: The excess wage can be subtracted from gross income so that the taxable wage base is lower than gross income.
text: Excess wages are reported (for unemployment-insurance benefits purposes), but are subtracted from the employee's total wages, so they do not pay taxes on the amount above the taxable wage base ($52,700 in 2020).