TaxableWages

This method returns the employee’s taxable wages. For many taxes, this is the same as the current period earnings. For taxes with a wage limit, however, it could be less.

Syntax

value = object.TaxableWages()

object is a TaxControl instance.

Returns a float value.

Details

When the tax has a wage base, computed as:

min(Earnings, max(0, (wage_base - YTDEarnings)))

When there is no wage base, this method returns all Earnings as taxable. This is true even if the rate is 0% and no tax is due.