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What is the current payroll limitation applicable to executive officers?

April 26, 2017applicable executive limitation Officers payroll

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What is the current payroll limitation applicable to executive officers?

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Premium for executive officers is based on their total payroll, subject to the following limitations: • The minimum individual payroll for an executive officer is $200 per week, or $10,400 per year. • The maximum individual payroll for an executive officer is $1,000 per week, or $52,000 per year. Refer to Rule IX A. 3. in the MA Manual.