Private health insurance and company cars are classified as taxable benefits.
Financial and business terms. 2012.
benefit — See security proceeds Euroclear Clearing and Settlement glossary * * * ▪ I. benefit ben‧e‧fit 1 [ˈbenfɪt] noun 1. [countable] a good effect or advantage that something has, for example a product or service: • We will focus our marketing message… … Financial and business terms
taxable income — n: income that is subject to taxation and is characterized by the accrual of some gain or benefit to the taxpayer; specif: the total amount of income remaining as the basis of taxation for a given period after all allowable deductions have been… … Law dictionary
benefit dollar — UK US noun [C, usually plural] HR ► in the US, money that an employer gives to an employee in addition to their salary in order to buy things such as medical insurance or child care: »Any benefit dollars that an employee does not use to purchase… … Financial and business terms
taxable — Subject to taxation; liable to be assessed, along with others, for a share in a Something of value, subject to assessment, and to be levied upon and sold for taxes. Williams v. School Dist. No. 32 in County of Fremont, 56 Wyo. 1, 102 P.2d 48, 52 … Black's law dictionary
Taxable Municipal Bond — A fixed income security issued by a local government such as a city or county or related agencies, the income from which is not exempt from tax. Taxable municipal bonds are generally issued to finance a project or activity that does not provide a … Investment dictionary
Taxable Bond — A debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. The majority of bonds issued are taxable bonds. Entities that have traditionally offered tax free bonds have begun … Investment dictionary
Employee benefit — Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, perqs or perks) are various non wage compensations provided to employees in addition to their normal wages or salaries. Where an… … Wikipedia
New York state public-benefit corporations — and authorities operate like quasi private corporations, with boards of directors appointed by elected officials. Public authorities share characteristics with government agencies, but they are exempt from many state and local regulations. Of… … Wikipedia
fringe benefit — n: an employment benefit (as a pension, a paid holiday, or health insurance) granted by an employer that has a monetary value but that does not affect basic wage rates Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fringe benefit … Law dictionary
employee benefit plan — USA Either an employee pension benefit plan or an employee welfare benefit plan or a plan which is both. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
