Aggregate Method of Computing Taxes Clause Samples

The Aggregate Method of Computing Taxes clause defines how taxes are calculated by combining all relevant taxable items or transactions into a single total before applying tax rates. In practice, this means that instead of calculating taxes separately for each item or transaction, the amounts are summed and the tax is computed on the aggregate value. This approach can simplify tax calculations, reduce administrative complexity, and ensure consistency in how taxes are applied across multiple items or transactions within a contract.
Aggregate Method of Computing Taxes. The Board agrees to use the I. R.S. approved aggregate method of computing taxes on negotiated salary increases and one-time payments provided the I.R.S. allows this methodology at the time raises are paid.
Aggregate Method of Computing Taxes. The Board agrees to use the I.R.S. approved aggregate method of computing taxes on negotiated salary increases and one-time payments provided the I.R.S. allows this methodology at the time raises are paid.
Aggregate Method of Computing Taxes. The District agrees to use the I.R.S. approved aggregate method of computing taxes on negotiated salary increases and one-time payments provided the I.R.S. allows this methodology at the time raises are paid.

Related to Aggregate Method of Computing Taxes

  • Allocation of Excess Nonrecourse Liabilities For purposes of determining a Holder’s proportional share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), each Holder’s respective interest in Partnership profits shall be equal to such Holder’s Percentage Interest with respect to Partnership Common Units, except as otherwise determined by the General Partner.