recapture

Reader comment on: Payroll Extension Eliminates Recapture Provision

Submitted by fincounts (Australia), Feb 18, 2012 10:28

if you grossed up the quoted 2-month recapture language to a full scale year instead of two months, it would become a nullity anyway. 18,350 over two months would be scaled up to 110,100 over 12 months. Thus the recapture due would be 2 percent of the amount over 110,100 but not over 110,100. zero.

of course there's no guarantee they would have scaled it up correctly, so nice to be rid of it in any event.


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