Returns the Taxable Wage Base (TWB) for the year specified using the chosen law type.

TWB(Year, LawType)

Year: year for which the TWB is to be determined.

LawType: the type of taxable wage base to return.

• 0: Standard TWB
• 1: "Old Law" TWB

TWB(YEAR(CALCDATE), 0) returns the standard TWB for the calculation date year.