Taxable Benefit definition

Taxable Benefit. , in relation to an employee, means any benefit provided or made available, other than in the form of a payment of money, to the employee or to a person who is a member of the employee’s family or household.
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Taxable Benefit means participation in certain health or welfare programs provided or sponsored by the County, insured or uninsured, now existing or hereafter adopted, described in the Materials, the cost of which will be treated by the County as includible in the gross income of the Participant pursuant to the Code as the same may be amended.
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Taxable Benefit. The Fair Market Value of a Share, on the date on which the Option is exercised by the Participant as reduced by the amount actually paid by, or recovered from the Participant in respect of such Share.”
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Examples of Taxable Benefit in a sentence

  • With respect to any amount includible in the Executive's gross income for federal income tax purposes (the "Taxable Benefit"), an amount in cash equal to (i) the product of the Highest Marginal Income Tax Rate and the Taxable Benefit, (ii) divided by one minus the Highest Marginal Income Tax Rate.

  • We received an update on the changes to the Taxable Benefit Deductions for municipal office holders.

  • Personal Use declaration and reporting must conform to the internal “Procedure for Reporting Taxable Benefit Expenses”.

  • OFFICE OF BUSINESS ANDFINANCIAL SERVICES Taxable Benefit (cont)1.

  • Apply Cash Only Taxable Benefit for T4 purposes and reimburse taxable amount through Pay Office $ (CTB) Description Apply Non-cash Taxable Benefit for T4 purposes only.

  • Employer costs for Pension and Benefits, as noted in thePremiums and Taxable Benefit CalculatorWith remuneration facilitated by Indigenous Ministries and provided through the Pastoral Charge Payroll Service (ADP) H.

  • Coverage Employee Share of Monthly Premium FUCCMS Share of Monthly Premium Taxable Benefit $0.00 $3.86 Loss of Spouse: $20,000 Loss of Child: $10,000 Premiums: This plan is provided through GroupHEALTH and the premiums are fully paid by the employer, however, a non-taxable benefit to the employee.

  • I certify that the above-named student is my child and qualifies as a dependent child of my former spouse for the purpose of federal income tax and will be so reported for the period of time for which tuition remission is requested.☐Dependent–Special Request (Taxable Benefit).

  • Any calculated values for this accumulator will automatically be included in the TXBE (Taxable Benefit) accumulator balance for the year.

  • The Group Life, Accidental Death and Dismemberment and Critical Illness Insurance portions of the benefits paid for by the church is considered a Taxable Benefit.


More Definitions of Taxable Benefit

Taxable Benefit. , in relation to an employee, means any benefit provided or made available, otherwise than in the form of a payment of money, to the employee or to a person who is, for the purposes of Chapter II of this Part, a member of his family or household;
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Taxable Benefit means the amount by which the Market Price on the Purchase Date
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Taxable Benefit means the employment income included in the calculation of an Eligible Canadian Optionee as a result of the exercise or disposition of an option. Generally, the Taxable Benefit resulting from the exercise of an option is equal to the amount by which (i) the fair market value of the Quest Software shares on the date of exercise exceeds (ii) the exercise price of such option, and the Taxable Benefit resulting from the disposition (other than the exercise) of an option is equal to the value of consideration received for the disposition.
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Taxable Benefit. , in relation to an employee, means any amount
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Related to Taxable Benefit

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Bonds means Bonds of a Series which are not Tax Exempt Bonds.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.

  • Income means the following:

  • Taxable means either:

  • Taxable Date means the date on which interest on the Note is first includable in gross income of the Lender thereof as a result of an Event of Taxability as such date is established pursuant to a Determination of Taxability.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Consolidated Interest Income means, for any period, the interest income of the Consolidated Group for such period, determined on a consolidated basis in accordance with GAAP.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Taxable REIT Subsidiary means any corporation (other than a REIT) in which General Partner directly or indirectly owns stock and General Partner and such corporation jointly elect that such corporation shall be treated as a taxable REIT subsidiary of General Partner under and pursuant to Section 856 of the Code.

  • Benefit means anything reasonably regarded as pecuniary gain or pecuniary advantage, including benefit to any other person in whose welfare the beneficiary has a direct and substantial interest.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Compensation means all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • taxable person means any person who, independently, carries out in any place any economic activity, whatever the purpose or results of that activity.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.