C H. 21—FEDERAL INSURANCE CONTRIBUTIONS ACT
417
Subchapter C—General Provisions tin fti '•'
Sec. Sec. Sec. Sec. Sec.
3121. 3122. 3123. 3124. 3125.
Definitions. Federal service. Deductions as constructive payments. E s t i m a t e of revenue reduction. Short title.
SEC. 3121. DEFINITIONS.
(a) WAGES.—For purposes of this chapter, the term "wages" means all remuneration for employment, including the cash value of all remuneration paid in any medium other than cash; except that such term shall not include— (1) that part of the remuneration which, after remuneration (other than remuneration referred to in the succeeding paragraphs r of this subsection) equal to $3,600 with respect to employment has been paid to an individual by an employer during any calendar year, , is paid to such individual by such employer during such calendar year. If an employer (hereinafter referred to as successor em. ployer) during any calendar year acquires substantially all the n property used in a trade or business of another employer (herein. after referred to as a predecessor), or used in a separate unit of a .'. trade or business of a predecessor, and immediately after the acqui, sition employs in his trade or business an individual who immej i diately prior to the acquisition was employed in the trade or business } of such predecessor, then, for the purpose of determining whether J, the successor employer has paid remuneration (other than remuner^ ation referred to in the succeeding paragraphs of this subsection) with respect to employment equal to $3,600 to such individual dur, ing such calendar year, any remuneration (other than remuneration . r e f e r r e d to in the succeeding paragraphs of this subsection) with respect to employment paid (or considered under this paragraph as .. having been paid) to such individual by such predecessor during , such calendar year and prior to such acquisition shall be considered as having been paid by such successor employer; , (2) the amount of any payment (including any amount paid by ^ an employer for insurance or annuities, or into a fund, to provide for any such payment) made to, or on behalf of, an employee or any of _ his dependents under a plan or system established by an employer which makes provision for his employees generally (or for his emf, ployees generally and their dependents) or for a class or classes of , his employees (or for a class or classes of his employees and their . dependents), on account of— (A) retirement, or ,j (B) sickness or accident disability, or ^ (C) medical or hospitalization expenses in connection with sickness or accident disability, or I (D) death; (3) any payment made to. an employee (including any amount paid by an employer for insurance or annuities, or into a fund, to provide for any such payment) on account of retirement; § 3121(a)(3)
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