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.

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.

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

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.

• Grossing- up to the whole population is made by applying weights for individual records on the final database file.Triple automatic check is made during the data collecting and processing.

• Grossing up is a practice whereby the gross premium (ie including commission) agreed between broker and insurer (or reinsurer) is less than the premium which the broker notifies the proposed policyholder is payable.

• Grossing up gives approximately 11.4 m rental/leasing transactions in total.

• An [v(F ), d(F )]-LDF f is said to be ρ- permissible with respect to an assignment of F if for at least a ρ-fraction of the points x, F [x] is assigned f (x).Preliminaries 13 We show later that for a wide range of permissibility parameters ρ, the list of permissible LDFs is bounded by O(ρ−1).

• At such annual election, the directors chosen to succeed those whose terms then expire shall be of the same class as the directors they succeed, unless, by reason of any intervening changes in the authorized number of directors, the board shall have designated one or more directorships whose terms then expires as directorships of another class in order to more nearly achieve equality of number of directors among the classes.

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

• Grossing up the five months contribution from BTFM, operating income grew $19 million or 7%.

• For CCC-185’s not supported by existing farm records, the applicant must provide to the County Office all documentation required to be determined an eligible borrower, including but not limited to, the following forms: • AD-1026• CCC-10• CCC-902.

• 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.

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.

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.