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RATE ERROR ON DI VOLUNTARY PLAN ASSESSMENTS.


EDD sent out a Quarterly Contribution Return (DE 3D) for the second quarter of 2000 with an incorrect rate on Line K.

The correct Disability Insurance Voluntary Plan
Voluntary plan
A pension plan supported partially by the employee by pension contributions deducted from each paycheck.
 assessment rate beginning for the second quarter is .098 percent, or .00098 times the DI wages.

If you filed the second quarter DE 3D using the incorrect DI Voluntary Plan assessment rate of .07 percent, EDD will send you a statement for the additional balance due balance due n. the amount of a debt still owed on an account or the principal owed on a promissory note. In the case of a promissory note, the balance due is not the sum of installments due, since these include amortized interest, but may be the principal due without further interest..

EDD will cancel any penalty and interest charges related to the Disability Insurance Voluntary Plan assessment rate deficiency when your payment is received.

EDD has apologized for any inconvenience this error may have caused.
COPYRIGHT 2000 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:disability insurance
Author:Counts, James C.
Publication:California CPA
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2000
Words:108
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