Sec. 204.061. CEILING AND FLOOR OF COMPENSATION FUND. In computing the tax rates under this subchapter: (1) the ceiling of the compensation fund is two percent of the total taxable wages for the four calendar quarters ending the preceding June 30; and (2) the floor of the compensation fund is equal to the greater of: (A) $400 million; or (B) one percent of the total taxable wages for the four calendar quarters ending the preceding June 30.
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