- employer deduction
- reduction in the amount an employer is taxed and transferring it over to tax authorities
English contemporary dictionary. 2014.
employer deduction
Look at other dictionaries:
deduction — n. subtracting deducting 1) to make a deduction 2) a deduction for; from (our employer makes a deduction from our salary for the income tax) conclusion 3) to make a deduction 4) an illogical; logical deduction 5) a deduction about 6) the… … Combinatory dictionary
Employer transportation benefits in the United States — An employer may provide transportation benefits to their employees that are tax free up to a certain limit. Under the US Internal Revenue Code section 132(a), the qualified transportation benefits is one of the eight types of statutory employee… … Wikipedia
Tax deduction — This article is about the deduction of expenses for the purpose of calculating taxable income. For tax deducted at source, see Withholding tax. Taxation An aspect of fiscal policy … Wikipedia
Qualified Performing Artist Deduction — In United States tax law, certain performing artists are eligible to deduct the expenses incurred in the course of their employment by § 62(a)(2)(B) of the Internal Revenue Code. This is an “above the line” deduction, meaning that it is used… … Wikipedia
Above the line deduction — In the United States, an above the line deduction is a term used to describe those deductions which the Internal Revenue Service allows a taxpayer to subtract from his or her gross income. These deductions are set forth in Internal Revenue Code… … Wikipedia
payroll deduction — UK US noun [C] ► HR an amount of money that is taken by an employer from an employee s pay, for income tax, insurance, etc., or the act of taking this money: »Employers are not allowed to bear the full expense of insurance premiums for their… … Financial and business terms
Payroll Deduction Plan — A contribution plan in which an employer deducts a specified amount from an employee s pay and puts the funds toward insurance, healthcare or an investment account. In most situations, employees enter into payroll deduction plans on a voluntary… … Investment dictionary
Polkey deduction — Also known as Polkey reduction after the House of Lords decision in Polkey v AE Dayton Services Ltd [1987] IRLR 503. A reduction in the compensatory award made to an employee in a successful claim for unfair dismissal to reflect the chance that… … Law dictionary
Foreign Housing Exclusion And Deduction — An allowance for taxpayers who live and work in a foreign country to exclude any amount that their employer allocates to them to cover housing costs. The exclusion applies regardless of whether the expenses are paid directly to the taxpayer or on … Investment dictionary
simplified employee pension — sim·pli·fied employee pension n: a pension that is funded by employer contributions or through a salary reduction arrangement and that places fewer administrative burdens on the employer than do other plans and allows employer deduction of… … Law dictionary
