2020. (d) Specified income For purposes of this section, the term specified income means— (1) if the services described in section 1(2) are provided as an employee, the wages (as defined in section 3121(a) of the Internal Revenue Code of 1986 determined without regard to paragraph (1) thereof) received by the qualified employee for the applicable period, and (2) in any other case, the income of the qualified employee which is properly allocable to the services described in section 1(2) which are provided by such qualified employee during the applicable period. (e) Extension The Secretary of the Treasury (or the Secretary’s delegate) may extend the applicable period for a period not to exceed 3 additional calendar months if the Secretary (or the Secretary’s delegate) determines that the emergency related to COVID-19 is likely to be ongoing during such period. If such period is so extended, the dollar amount in subsection (b) shall be increased by $6,250 for each month of such extension (and a like rate of increase with respect to any extension which is not a whole number of months). 4. Temporary suspension of payroll taxes up to a cap (a) In General Notwithstanding any other provision of law, with respect to so much of the total wages (as defined in section 3121(a) of the Internal Revenue Code of 1986) of the qualified employees of an employer as does not exceed $75,000— (1) with respect to any taxable year which begins in the payroll tax suspension period, the rate of tax under section 1401(a) of the Internal Revenue Code of 1986 shall be 0 percent, (2) with respect to remuneration received for pay periods ending during the payroll tax suspension period, the rate of tax under 3101(a) of such Code shall be 0 percent (including for purposes of determining the applicable percentage under sections 3201(a) and 3211(a)(1) of such Code), and (3) with respect to remuneration paid for pay periods ending during the payroll tax suspension period, the rate of tax under section 3111(a) of such Code shall be 0 percent