Grossing up definition

Grossing up of charges means applying the provider's standard charge structure to the non- Medicare patient services. Charges so determined should be added to charges for services to Medicare patients and used to apportion costs in accordance with the apportionment method the provider is required to use under the program.
Sample 1
Grossing up. Most leases provide that the “base year’s operating expenses,“ or any other year’s operating expense, if, during such year, building occupancy was below 95% for some extended (often 2 months is used) period of time during the calculation year, be calculated on the basis of the building being fully occupied. If such circumstance occurs, the landlord, in effect, “grosses-up” the operating expenses to reflect what landlord would have expended had the building been fully occupied for the entire year. A tenant, to protect itself from unjust charges, may require that the lease clearly distinguish between “fixed” expenses and “variable” expenses, and only the variable expenses be subject to adjustment. If calculated properly, a “gross-up” provision is generally fair and equitable.
Sample 1
Grossing up means that the distribution is treated as though notional tax equal to the basic rate of income tax has been paid on it. The actual distribution received is therefore treated as a “net” amount received. For instance, a £1,000 cash dividend received will be treated as though the gross amount was £1,265.82, with notional income tax of
Sample 1

Examples of Grossing up in a sentence

  • Grossing up the data by age and sex and by region to ONS population totals will reduce the standard errors of survey estimates if the survey variable is correlated with age, sex and region.

  • The Grossing up of Network Operating Expenses impacted an increase in Revenue from Operations and Network Operating Expenses.

  • UNIT II: Income from other sourcesComputation – Grossing up – Deductions in Computing Income under the head and other related provisions.

  • Module IV 12hrsCapital Gains: Meaning and definition, Transfer, Capital Asset-Short term & Long Term, Cost of Acquisition, Exemptible Capital Gains; Problems on Computation of Taxable Capital Gains;Income from Other Sources: Meaning, Interest on Securities and other incomes, Grossing up of Interest, Deductions u/s 57, exemption u/s 10(15); Problems on Computation of Income from Other Sources (excluding calculation of collection charges on net interest realised).

  • UNIT II : Income from other sourcesComputation - Grossing up - Deductions in Computing Income under the head and other related provisions.

  • Grossing up of the resource tax refund ensures that the correct amount is recognised as an assessable miscellaneous compensation receipt.

  • Grossing up provisions are unlikely to be appropriate, unless it is intended to allocate tax risks to the recipient.

  • Grossing up the 70 Bcfd for an assumed 90-percent utilization gives a requirement of 78 Bcfd of capacity, a shortfall of 28 Bcfd versus the estimated 50 Bcfd of future existing global capacity.

  • However, w.e.f. 01.10.2014, dividend tax under section 115-O and distribution tax under section 115 R will be payable on amount distributed (after Grossing up).

  • Grossing- up of income of the non residents for TDS and assessment purposes.


More Definitions of Grossing up

Grossing up is defined as increasing the employee’s award amount in order to cover the employee’s taxes due on an award. When an award amount is “grossed-up” to cover the taxes, both the value of the award and the “grossed-up” tax coverage amount must be included in the employee’s gross income and wages.
Sample 1
Grossing up of costs means applying to the non-Medicare patient services the same schedule of charges used by the servicing entity to bill the provider for Medicare patient services. Costs so determined should be added to the costs of services of Medicare patients. "Grossing up" of charges means applying the provider's standard charge structure to the non-Medicare patient services. If the provider does not have a charge structure, the charge structure used by the servicing entity may be used to apportion costs if it provides for similar charges for similar services to both Medicare and non-Medicare patients. Charges so determined should be added to charges for services to Medicare patients and used to apportion costs in accordance with the apportionment method the provider is required to use under the program.
Sample 1
Grossing up. Operating Expenses. The provisions of this Section 4.8 -------------------------------- shall not apply to the Building at any time during which Tenant is leasing at least ninety-five percent (95%) of the Rentable Area of the Building. The provisions of this Section 4.8 shall apply to any other building(s) within the Project (excluding the Building) during any time in which any portion of the Premises is located in such other building(s). If any building to which the provisions of this Section 4.8 apply is not fully constructed and completed and/or does not have at least ninety-five percent (95%) of the Rentable Area thereof occupied during any calendar year period, then the Operating Expenses (other than those specific to the building as opposed to other portions of the Project) for such period shall be deemed to be equal to the total of (i) the Operating Expenses, other than Taxes, which would have been incurred by Landlord if the building had been fully constructed and completed and ninety-five percent (95%) of the Rentable Area of the building had been occupied for the entirety of such calendar year and (ii) the actual Taxes as defined in Paragraph 4.4(n) above. The annual amortization of costs shall be determined by dividing the original cost of such capital expenditure by the number of years of useful life of the capital item acquired, which useful life shall equal the number of years permitted by the Internal Revenue Service for amortization; if no Internal Revenue Service guidelines are available with respect to the item in question, the useful life shall be determined by Landlord on a reasonable, equitable and consistent basis. Operating Expenses shall be computed according to the cash or accrual basis of accounting, as Landlord may elect (in a reasonable, equitable and consistent basis) in accordance with standard and reasonable accounting principles employed by Landlord.
Sample 1

Related to Grossing up

  • Capitol hill complex means the grounds and buildings within the area bounded by 300 North Street, Columbus Street, 500 North Street, and East Capitol Boulevard in Salt Lake City.

  • School operating taxes means local ad valorem property taxes levied under section 1211 of the revised school code, MCL 380.1211, and retained for school operating purposes.

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt pursuant to Section E below.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Crossing means a utility facility constructed over, under, or across a railroad right-of-way. The term does not include longitudinal occupancy of railroad right-of-way.

  • System with a single service connection means a system which supplies drinking water to consumers via a single service line.

  • Primary highway means any highway, other than an inter- state highway, at any time officially designated as a part of the fed- eral−aid primary system by the department and approved by the appropriate authority of the federal government.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Renewable Energy Certificates or “RECs” shall mean all of the Certificates and any and all other Environmental Attributes associated with the Products or otherwise produced by the Facility which satisfy the RPS for a RPS Class I Renewable Generation Unit, and shall represent title to and claim over all Environmental Attributes associated with the specified MWh of generation from such RPS Class I Renewable Generation Unit.

  • Transit village means a community with a bus, train, light rail,

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Taxable value per membership pupil means each of the following divided by the district’s membership:

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Operating Company Number (OCN means the numeric Company Code assigned by NECA identifying CLEC as a Resale or UNE provider.

  • Operating Envelope means the limits on the Company's approved operations set out in Conditions 2.3 to 2.7 of this

  • Youth center means any public or private facility that is primarily used to host recreational or social activities for minors, including, but not limited to, private youth membership organizations or clubs, social service teenage club facilities, video arcades, or similar amusement park facilities.

  • Campfire means a small outdoor fire intended for recreation or cooking not including a fire intended for disposal of waste wood or refuse.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • the trunk road means the A590 Trunk Road;

  • Flood Boundary and Floodway Map (FBFM means an official map of a community, issued by the FEMA, on which the Special Flood Hazard Areas and the floodways are delineated. This official map is a supplement to and shall be used in conjunction with the Flood Insurance Rate Map (FIRM).

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).