PUBLIC LAW 95-216—DEC. 20, 1977
91 STAT. 1553
and computed) reported to the Secretary of the Treasury or his delegate for the calendar year before the most recent calendar year in which an increase in the exempt amount was enacted or a determination resulting in such an increase was made under subparagraph (A), with such product, if not a multiple of $10, being rounded to the next higher multiple of $10 where such product is a multiple of $5 but not of $10 and to the nearest multiple of $10 in any other case.". (b)(1) The first sentence of section 218(c)(8) of such Act is 42 USC 418. amended by striking out "quarter" wherever it appears and inserting in lieu thereof "year", and by striking out "$50" and inserting in lieu thereof "$100". (2) Section 218(g)(1) of such Act is amended by striking out "quarter" and inserting in lieu thereof "year". (3) Section 218(q)(4)(B) of such Act is amended by striking out "any calendar quarters" and inserting in lieu thereof "a calendar year" and by striking out "such calendar quarters" and inserting in lieu thereof "such calendar year". (4) Section 218(q) (6; (B) of such Act is amended by striking out "calendar quarters designated by the State in such wage reports as the" and inserting in lieu thereof "period or periods designated by the State in such wage reports as the period or". (5) Section 218(r)(1) of such Act is amended— (A) by striking out "quarter" in the matter before clause (A) and inserting in lieu thereof "year", (B) by striking out "in which occurred the calendar quarter" in clause (A), and (C) by striking out "quarter" in clause (B) and inserting in lieu thereof "year". (c)(1) Effective with respect to estimates for calendar years beginning after December 31, 1977, section 224(a) of such Act is amended Ante, p. 1529. by striking out the last sentence. (2) Section 224(f)(2) of such Act is amended to read as follows: "(2) In making the redetermination required by paragraph (1), the individual's average current earnings (as defined in subsection (a)) shall be deemed to be the product of— "(A) his average current earnings as initially determined under subsection (a); " (B) the ratio of (i) the average of the total wages (as defined in regulations of the Secretary and computed without regard to the limitations specified in section 209(a)) reported to the Secre- 42 USC 409. tary of the Treasury or his delegate for the calendar year before the year in which such redetermination is made to (ii) the average of the total wages (as so defined and computed) reported to the Secretary of the Treasury or his delegate for calendar year 1977 or, if later, the calendar year before the year in which the reduction was first computed (but not counting any reduction made in benefits for a previous period of disability); and "(C) in any case in which the reduction was first computed before 1978, the ratio of (i) the average of the taxable wages reported to the Secretary for the first calendar quarter of 1977 to (ii) the average of the taxable wages reported to the Secretary for the first calendar quarter of the calendar year before the year in which the reduction was first computed (but not countinsr any reduction made in berK^firs for a previous period of disability).
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