which is applicable to such employee for such taxable year. (b) Parental leave savings account For purposes of this section, the term parental leave savings account shall have the meaning given to such term by section 224. (c) Exclusion not To exceed compensation (1) Employees The amount excluded from gross income by subsection (a) with respect to an employee shall not exceed such employee’s wages, salaries, tips, and other employee compensation which are attributable to such employee’s employment by the employer referred to in such subsection. (2) Self-employed individuals The amount excluded from gross income by subsection (a) for contributions with respect to an individual who is self-employed shall not exceed such individual’s earned income (as defined in section 401(c)(2)) derived by the taxpayer from the trade or business with respect to which the individual is self-employed. (3) Community property laws not to apply The limitations under this subsection shall be determined without regard to community property laws. . (2) Conforming amendments (A) Section 3121(a) of such Code is amended by striking or at the end of paragraph (22), by striking the period at the end of paragraph (23) and inserting