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These are basically non-cash benefits provided by an employer to an employee which are chargeable to tax e.g. car allowance. [2] Instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a "salary packaging" or "salary exchange" arrangement. In most countries, most kinds of employee benefits ...
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle.
Executive car is a British term for a large car, and is considered equivalent to the European E-segment and American full-size classifications. [1] Executive cars are larger than compact executive cars (and the non-luxury equivalent mid-size cars ), but smaller than luxury saloons / full-size luxury sedans .
Vertical pay dispersion is specifically the difference in remuneration between the most senior employees of an organisation (e.g., Executive Directors of Chief Executive) and an average employee. [23] Vertical pay dispersion has recently become a topic of political, social and news media discussions.
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Form W-4 (officially, the "Employee's Withholding Allowance Certificate") [1] is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold from an employee ...
A compact executive car, also known as a compact luxury car, is a premium car larger than a premium compact and smaller than an executive car. Compact executive car is a UK term and a part of the D-segment in the European car classification. An executive car generally needs to be comfortable and well-equipped while also being cheap to run as a ...