Thus, according to the trial court, separation payments meeting these two requirements for supplemental unemployment compensation benefits are not considered wages for FICA tax purposes.
What does SUCB stand for?
SUCB stands for Supplemental Unemployment Compensation Benefits
This definition appears very rarely and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of SUCB
- Southampton University Conservative Association (UK)
- State Unemployment Compensation Act
- Students United for Child Advocacy (Syracuse University; New York)
- Suncoast Utility Contractors Association (Zephyrhills, FL)
- State University College at Buffalo (New York)
- Southern Ute Community Action Programs, Inc. (Ignacio, Colorado)
- Surface Combat Air Patrol
- South Ulster Concert Band (UK)
- Southampton University Concert Band (UK)
- State University College At Buffalo (Buffalo, NY)
- Students Unwinding on Crawfish, Beer, and Unprecedented Fun (University of New Orleans)
- Sheffield University Canoe Club (UK)
- South Union Christian Church (Bloomington, IN)
- Southampton University Canoe Club (UK)
- Southampton University Caving Club (UK)
- State University College at Cortland (Cortland, NY)
- Succursale (Canadian)
- Sabah United Chinese Chambers of Commerce (Malaysia)
- System Unified Contact Center Enterprise (Cisco software)
Samples in periodicals archive:
208, held that supplemental unemployment compensation benefits (SUB) were not FICA wages.
Hevener covered the CSX Corporation case where the Court of Federal Claims concluded that involuntary layoff payments are exempt from FICA taxes if the payments qualify as supplemental unemployment compensation benefits.
Section 419A(a) defines a fund's qualified asset account as an account consisting of assets set aside to provide for the payment of disability benefits, medical benefits (no distinction is drawn between active employees and retirees), supplemental unemployment compensation benefits (SUB) or severance pay benefits, or life insurance benefits.
Revenue ruling 90-72 excludes certain supplemental unemployment compensation benefits (SUCBs) from the definition of wages for FICA, FUTA and RRTA purposes.
CSX argued that supplemental unemployment compensation benefits are not subject to FICA tax, because they are not wages for Sec.