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A. The money in the Air Line Retirement Trust Fund is appropriated by Congress out of any monies in the Treasury not otherwise appropriated. The measure of the amounts to be appropriated, however, is the amount of taxes received by the Treasury under the Air Line Pilot's Retirement Contributions Act.

61. A. What does the Air Line Pilots' Retirement Contributions Act provide for?

A. The Air Line Pilot's Retirement Contributions Act provides for a tax on pilots and a tax on employers. The Tax on pilots is equal to 10 per cent of the pilot's compensation not exceeding $12,000 in any calendar year. The tax paid by employers is the same as the total taxes paid by all the pilots in the employ of the employer.

62. Q. Suppose I received $1200 a month as a pilot. Would tax be collected on the whole $1200?

A. The tax would be collected on not more than $12,000 in any single calendar year. If you received $1200 in each month during the year, the tax would be collected for the first 10 months unless the employer decided that he would deduct the tax in equal monthly installments. If you left the employer's service after drawing $12,000 or more but before the employer had collected the tax on $12,000, the employer would be liable for the tax, even though he had not deducted it from your pay.

63. Q. Last month I was paid for my service as a pilot $742.58. How much would I have paid in taxes if the plan had been in effect?

A. $74.26.