### Question
How does Deferred Compensation, Etc. define participant's compensation?


### Answer
Under *26 U.S.C. § 415*, **participant's compensation** is defined as:

> the participant's includible compensation determined under section 403(b)(3)

#### Citation:
  - *26 U.S.C. § 415*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart B-Special Rules**

