These functions return the dollar amount for the
definition of a “control employee” (non-government employer). Both functions
share the same syntax:
·
Controli returns the compensation amount for the definition of a “control
employee” for an officer under 1.61-21(f)(5)(i).
·
Controliii returns the compensation amount for the definition of a “control employee” for
other than an officer under 1.61-21(f)(5)(iii).
Controli and Controliii
for year 𝑥 are based on the
following formula:
|
Where 𝐶𝑃𝐼𝑦𝑒𝑎𝑟
is the “3rd quarter CPI” (sum of
the CPI-U for the months of July, August, and September) in the given year.
(September CPI is usual published around October 13.) Where
𝐶𝑃𝐼1986
is the sum of the CPI-U for the months of October,
November, December in 1986. (Note that this is 331.2, but a Jim Holland
letter dated 2/4/1993 shows 331.3 as the value used by IRS.) If the amount so determined is not a multiple of $5,000,
it is rounded to the nearest multiple of $5,000. Not less than the amount for
the prior year. |
Syntax
Controli (DeterminationYear, [LawYear],
[Inflation])
Controliii (DeterminationYear, [LawYear],
[Inflation])
|
Parameter Name |
Description |
|
DeterminationYear |
A
4 digit number, or an optional text value as shown in the table below. If the
DeterminationYear is after the LawYear, this is a projected
calculation based on the Inflation assumption. Click to view various options for the DeterminationYear parameter. |
|
LawYear |
A
4 digit number. |
|
Inflation |
The
assumed rate of inflation: the IRS
Cost-of-Living Adjustment for future years, as measured by the
year-over-year increase in CPI-U. This
is used only for a projected calculation. Optional:
default = 0% |