salary definition · LSData
COLA definition · LSData - LSD.Law
Definition: COLA stands for Cost-of-Living Adjustment. It is a way to adjust salaries or benefits to keep up with the rising cost of goods and services. For ...
Salary Definition & Meaning - Merriam-Webster
The meaning of SALARY is fixed compensation paid regularly for services. How to use salary in a sentence.
Taxable income definition · LSData - LSD.Law
Taxable income: The money you make minus the things you can take away is called your taxable income. This is the amount of money that you have to pay taxes on.
payroll taxes definition · LSData - LSD.Law
Payroll taxes are taxes that employers pay for each employee they have. These taxes are deposited into an IRS account and are used to fund programs like Social ...
assignment of income definition · LSData - LSD.Law
Assignment of income refers to the transfer of rights or property from one person to another. It can be the transfer of wages, property, or any other right ...
fixed income definition · LSData - LSD.Law
A quick definition of fixed income: Fixed income refers to money that is received at a constant rate, such as a payment from a pension or annuity.
other income definition · LSData - LSD.Law
Definition: Other income refers to money or payment received from sources other than employment, business, investments, royalties, gifts, and the like.
perquisite definition · LSData - LSD.Law
Definition: A perquisite, also known as a perk, is a special benefit or privilege given to an employee in addition to their regular salary or wages. A more ...
deferred compensation definition · LSData - LSD.Law
This means that the employee will only pay taxes on $90,000 of their income for that year, instead of $100,000. Another example of deferred compensation is a ...
Median Family Income definition - LSD.Law
... income, otherwise the debtor would have to pass the step 2 of the means test in order to file for chapter 7 bankruptcy. Media | Mediation. © 2024 LSData.
current monthly income definition · LSData - LSD.Law
Definition: Current monthly income (CMI) is the average income a person receives from all sources in the six months before filing for bankruptcy.
front pay definition · LSData - LSD.Law
Front pay is a type of compensation awarded to an employee who has experienced discrimination or retaliation in the workplace. It is the money given to the ...
dismissal compensation definition · LSData - LSD.Law
Dismissal compensation is a type of payment given to an employee who has been terminated from their job. It is also known as severance pay.
current income definition · LSData - LSD.Law
Current income refers to the money or payment that a person receives periodically from their employment, business, investments, royalties, gifts, ...
in-kind income definition · LSData - LSD.Law
Definition:In-kind income refers to any type of income that is not in the form of money or cash. This can include benefits received from an employer or the ...
separation pay definition · LSData - LSD.Law
Definition: Separation pay is a type of compensation given to an employee who is leaving a company due to reasons such as redundancy, retirement, ...
lost earnings definition · LSData - LSD.Law
Definition: Lost earnings refer to the wages, salary, or other income that a person could have earned if they had not lost their job, suffered a disabling ...
deferred income definition · LSData - LSD.Law
Deferred income refers to money that is received at a later time than when it was earned. For example, if a salesperson earns a commission in November but ...
extraordinary compensation definition · LSData - LSD.Law
Extraordinary compensation is when a lawyer asks for extra money for doing special tasks that are not part of their usual job.
effective date definition · LSData - LSD.Law
This means that the terms of the contract, such as salary and benefits, will not go into effect until January 1st. Insurance Policy: An insurance policy may ...