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us/statute/26/3241/c/1 — Average account benefits ratio · Axiom

Average account benefits ratio

Official source

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.

in view

Whole section

▸rulespec code

Shown source

statutes/26/3241/c.yaml

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Rules

most_recent_fiscal_year_count_for_average_account_benefits_ratio

Parameter

source: 26 USC 3241(c)(1), 10 most recent fiscal years

- name: most_recent_fiscal_year_count_for_average_account_benefits_ratio
  kind: parameter
  dtype: Count
  source: 26 USC 3241(c)(1), 10 most recent fiscal years
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3241
            excerpt: the 10 most recent fiscal years ending before such calendar year
  versions:
    - effective_from: '1990-01-01'
      formula: '10'

average_account_benefits_ratio_rounding_multiple

Parameter

source: 26 USC 3241(c)(1), rounding multiple

- name: average_account_benefits_ratio_rounding_multiple
  kind: parameter
  dtype: Decimal
  source: 26 USC 3241(c)(1), rounding multiple
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3241
            excerpt: >-
              If the amount ... is not a multiple of 0.1, such amount shall be increased to the next
              highest multiple of 0.1.
  versions:
    - effective_from: '1990-01-01'
      formula: '0.1'

unrounded_average_account_benefits_ratio

Derived

source: 26 USC 3241(c)(1), average before rounding

- name: unrounded_average_account_benefits_ratio
  kind: derived
  entity: TaxUnit
  dtype: Decimal
  period: Year
  source: 26 USC 3241(c)(1), average before rounding
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3241
            excerpt: >-
              the average ... of the account benefits ratios for the 10 most recent fiscal years
              ending before such calendar year
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3241/c#most_recent_fiscal_year_count_for_average_account_benefits_ratio
            output: most_recent_fiscal_year_count_for_average_account_benefits_ratio
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        sum_of_account_benefits_ratios_for_most_recent_fiscal_years_ending_before_calendar_year /
        most_recent_fiscal_year_count_for_average_account_benefits_ratio

average_account_benefits_ratio

Derived

source: 26 USC 3241(c)(1), Average account benefits ratio

- name: average_account_benefits_ratio
  kind: derived
  entity: TaxUnit
  dtype: Decimal
  period: Year
  source: 26 USC 3241(c)(1), Average account benefits ratio
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3241
            excerpt: >-
              If the amount ... is not a multiple of 0.1, such amount shall be increased to the next
              highest multiple of 0.1.
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3241/c#unrounded_average_account_benefits_ratio
            output: unrounded_average_account_benefits_ratio
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3241/c#average_account_benefits_ratio_rounding_multiple
            output: average_account_benefits_ratio_rounding_multiple
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        ceil(unrounded_average_account_benefits_ratio /
        average_account_benefits_ratio_rounding_multiple) *
        average_account_benefits_ratio_rounding_multiple

account_benefits_ratio

Derived

source: 26 USC 3241(c)(2), Account benefits ratio

- name: account_benefits_ratio
  kind: derived
  entity: TaxUnit
  dtype: Decimal
  period: Year
  source: 26 USC 3241(c)(2), Account benefits ratio
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3241
            excerpt: >-
              dividing the fair market value of the assets ... as of the close of such fiscal year
              by the total benefits and administrative expenses paid
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3241
            excerpt: and for years before 2002, the Social Security Equivalent Benefits Account
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        (fair_market_value_of_assets_in_railroad_retirement_account_at_close_of_fiscal_year +
        fair_market_value_of_assets_in_national_railroad_retirement_investment_trust_at_close_of_fiscal_year
        + (if fiscal_year_ends_before_social_security_equivalent_benefits_account_cutoff:
        fair_market_value_of_assets_in_social_security_equivalent_benefits_account_at_close_of_fiscal_year
        else: 0)) /
        total_benefits_and_administrative_expenses_paid_from_railroad_retirement_account_and_national_railroad_retirement_investment_trust_during_fiscal_year