Taxable benefits definition

Taxable benefits. Means-tested benefitsSocial assistance benefits 0 22 334Non-means tested benefitsUnemployment insurance 39 323 0Total39 32322 334B. Income taxe and social security contributionsAllowances 8 851 219Taxable income30 47222 370Income tax1 8741 002Social security contributions12 4895 352Total14 3636 354C. Non-taxable benefits Means-tested benefitsHousing benefits 0 4 306Non-means tested benefitsTotal 0 4 306D. Net income out of work (A-B+C)24 95920 286E. Net income in work33 44733 447F. Net replacement rate (D/E) (per cent)7560
Taxable benefits. Means-tested benefitsNon-means tested benefits Unemployment insurance402 304402 304Total taxable benefits402 304402 304B. Income tax and social security contributionsIncome tax allowances 0 0Taxable income402 168402 168Tax101 968101 968Exempted proportion104 150104 150Tax exemptions on replacement income69 65369 653Supplementary exemption00Supplementary “crisis” contribution00Local taxes00Social security contributions00Total income tax and social security contributions00C. Non-taxable benefits Means-tested benefitsMinimex 0 0AFG00Non-means tested benefitsFamily allowances 99 816 125 556Total non-taxable benefits99 816125 556D. Net income out of work (A-B+C)502 120527 860E. Net income in work834 719834 719F. Net replacement rate (D/E) (per cent)6063
Taxable benefits means benefits provided to the Participant, which are not Non-Taxable Benefits, as provided in Section 1.10.

Examples of Taxable benefits in a sentence

  • Taxable benefits in kind agreed with HMRC should also be shown (free or subsidised housing, meals, petrol, cars, etc) – at the amount agreed for taxable purposes.

  • The number of employees, excluding senior employees included in note 13.2, whose remuneration, excluding pension contributions, was £50,000 or more, was as follows: Remuneration BandNumber of Employees 13.2 Senior Officers’ RemunerationRemuneration paid to the Authority’s Senior Employees is as follows: 1 Taxable benefits comprise cars and cycles made available under the Authority’s salary sacrifice scheme.

  • If line 10 is zero, enter -0- 15) Add lines 13 and 14 16) Multiply line 2 by .85 17) Taxable benefits to be included in Modified AGI for traditional IRA deductionpurposes.

  • When claimed staff costs are not adequate in quality and/or quantity to the realised project activities, a flat rate correction may be applied following the principle of proportionality. Taxable benefits are only eligible if foreseen in the signed contract, national or internal regulations and they are in line with the employment policy of the beneficiary organisation (ad hoc regulations applicable only to the project are not allowed).

  • When claimed staff costs are not adequate in quality and/or quantity to the realised project deliverables and outputs listed in the approved application form, a flat rate correction may be applied following the principle of proportionality.▪ Taxable benefits are only eligible if foreseen in the signed contract, and/or in national and internal regulations, and if they are in line with the employment policy of the beneficiary organisation (ad-hoc regulations applicable only to the project are not allowed).

  • Taxable benefits are not included.Out-of-Province Travel Expenses include amounts paid to, or on behalf of, Board members for out-of-province travel.Other Expenses include amounts paid to, or on behalf of, Board members for in-province travel and any other costs incurred on corporation business.

  • Taxable benefits mean that you must pay income tax on the value of the benefit.

  • When claimed staff costs are not adequate in quality and/or quantity to the realised project deliverables and outputs, as listed in the approved application form, a flat rate correction may be applied following the principle of proportionality.„ Taxable benefits are only eligible if foreseen in the signed contract, national or internal regulations and they are in line with the employment policy of the beneficiary organisa- tion (ad hoc regulations applicable only to the project are not allowed).

  • Directors’ remuneration 30 March 2022 €'000 31 March 2021 €'000 Directors' fees 135 145 Salary 225 225 Company contributions to pension schemes 65 70 Taxable benefits 64 63 Termination benefits - 112 Other remuneration 201 199 690 814 The directors’ remuneration disclosure is made up of remuneration paid by Bord na Xxxx plc to all the directors of the Company, namely the Worker Participation directors, non-executive directors and executive directors.

  • The number of employees, excluding senior employees included in note 13.2, whose remuneration, excluding pension contributions, was £50,000 or more, was as follows: Remuneration BandNumber of Employees13.2 Senior Officers’ RemunerationRemuneration paid to the Authority’s Senior Employees is as follows: 1 Taxable benefits comprise cars and cycles made available under the Authority’s salary sacrifice scheme.


More Definitions of Taxable benefits

Taxable benefits. Means-tested benefitsIncome Support 2 556Non-means tested benefitsUnemployment benefits 2 556 0Total taxable benefits2 5562 556B. Income tax and social security contributionsIncome tax allowances 4 045 4 045Taxable income00Income tax00Tax credits00Local tax673673Social security contributions00Total income tax and social security contributions673673C. Non-taxable benefits Means-tested benefits Income Support 0 0Council Tax Benefit673673Housing benefits3 3523 352Non-means tested benefitsUnemployment benefits 0 0Total non-taxable benefits4 0254 025D. Net income out of work (A-B+C)5 9085 908E. Net income in work11 86711 867F. Net replacement rate (D/E) (per cent)5050
Taxable benefits. Means-tested benefitsIncome Support 2 415Non-means tested benefitsUnemployment benefits 2 415 0Total taxable benefits2 4152 415B. Income tax and social security contributionsIncome tax allowances 3 525 3 525Taxable income00Income tax00Tax credits00Local tax593593Social security contributions00Total income tax and social security contributions593593C. Non-taxable benefits Means-tested benefitsIncome Support 0 0Council Tax Benefit593593Housing benefits3 0473 047Non-means tested benefitsUnemployment benefits 0 0Total non-taxable benefits3 6403 640D. Net income out of work (A-B+C)5 4655 465E. Net income in work10 59210 592F. Net replacement rate (D/E) (per cent)5252
Taxable benefits. Means-tested benefitsSocial assistance 0 643 152Housing benefits111 734111 734Non-means tested benefitsUnemployment insurance 744 120 0Total taxable benefits855 854754 886B. Income tax and social security contributionsIncome tax allowances 51 351 45 293Taxable income804 503709 593Income tax212 469187 403Local tax95 97784 654Tax credits279 948279 948Surtax00Social security contributions4 1624 162Total income tax and social security23 6604 162contributions C. Non-taxable benefits00Total non-taxable benefits00D. Net income out of work (A-B+C)823 194750 724E. Net income in work1 490 0321 490 032F. Net replacement rate (D/E) (per cent)5550
Taxable benefits. Means-tested benefitsSocial assistance benefits 0 16 089Non-means tested benefitsUnemployment insurance 41 790 0Total41 79016 089B. Income tax and social security contributionsAllowances 9 722 7 708Taxable income32 0689 673Income tax1 6190Social security contributions13 088216Total14 7070C. Non-taxable benefits Means-tested benefits Housing benefits 0 5 772Non-means tested benefitsTotal 0 5 772D. Net income out of work (A-B+C)27 08321 861E. Net income in work36 27436 274F. Net replacement rate (D/E) (per cent)75%60%

Related to Taxable benefits

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

  • Tax Benefits means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.

  • 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.

  • 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.

  • Income means the following:

  • Taxable means either:

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

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

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

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

  • 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.

  • 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.

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • 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.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • 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.

  • Excise Tax Act means the Excise Tax Act (Canada);

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

  • taxable trading means carrying on a trade or business for the principal purpose of raising funds and not for the purpose of actually carrying out the Objects, the profits of which are subject to corporation tax;

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

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

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