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average account benefits ratio

Defined in 1 place of the United States Code.

For purposes of this section, the term “average account benefits ratio” means, with respect to any calendar year, the average determined by the Secretary of the account benefits ratios for the 10 most recent fiscal years ending before such calendar year. If the amount determined under the preceding sentence is not a multiple of 0.1, such amount shall be increased to the next highest multiple of 0.1.

Source

  • 2001–present26 U.S.C. § 3241Internal Revenue Code · Determination of tier 2 tax rate based on average account benefits ratio · for purposes of this section