Form 990 (Schedule H) for Palm Beach Florida 2024-2025

Form 990 (Schedule H) for Palm Beach Florida: What You Should Know

Section B (Nonprofit Organizations) PART V — WAGES AND SALARY RATIOS, OTHER WAGES AND EMPLOYEE COMPENSATION (A) In general. For purposes of section 61, the wages and employee compensation percentages in this paragraph shall be reduced by the wages and employee compensation percentage paid or payable on a weekly basis. This paragraph shall not apply to compensation paid to employees on an experimental basis pursuant to section 61(b)(1)(A)(ii), (ii)(I), (iii), (iv), and (vi) and that are paid in an amount per week equal to or less than 30 per week.   (B) Special rules. In making the adjustments to the wages, the adjustments required in paragraph (b)(7) of this section shall be made under the same rules that apply in the case of the adjustment required in section 56(a)(9)(A).   Special rule for purposes of applying subparagraph (B). For the purposes of subparagraph (B), the wages and employee compensation percentages to be applied to an employee shall be reduced by the wages and employee compensation percentage paid or payable on a weekly basis.

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