sum of expected compensation cost for the first-level
reference period determined in accordance with section 45
for all units in which the employer is classified or deemed
classified for the assessment year in accordance with
section 48
first-level degree
of personalization = _______________________________________________
sum of expected compensation cost for the first-level
reference period determined in accordance with section 45
for all units in which the employer is classified or deemed
classified for the assessment year, in accordance with
section 48 + the amount set out in Schedule 4