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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.
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. [1]Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US [2] [3] law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the ...
California FAIR tried to assure worried homeowners that it would be able to handle the claims that this week’s massive fires will produce. “The FAIR Plan, which is primarily a catastrophe ...
The Reel Inn, one of the Pacific Coast Highway's most iconic landmarks, burned in the fires, according to a GoFundMe page shared by the restaurant's social media and its owners.
The Supreme Court declined Monday to take up an appeal from conservative states challenging California’s ability to establish strict vehicle emission rules that effectively set the standard for ...
“ERISA reimbursement” claims began arising in the late 1980s and have been resisted by some federal courts. [ 5 ] According to industry statistics, ERISA plans and related insurers are collecting close to $1 billion per year through the seizure of tort recoveries or other contractual payments received by insured personal injury victims. [ 6 ]
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...