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Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage up to $50,000) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States. Some function as tax shelters (for example, flexible spending, 401(k), or 403(b) accounts).
Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage (up to US$50,000) (and employer-provided meals and lodging in-kind, [22]) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States. Some function as tax shelters (for example ...
Earned income refers to the money that you make from working, including salaries, wages, tips and professional fees. Unearned income, comparatively, is the money that you receive without ...
The Employment and Social Insurance Act was passed in 1935 during the Great Depression by the government of R. B. Bennett as an attempted Canadian unemployment insurance program. It was, however, ruled unconstitutional by the Supreme Court of Canada as unemployment was judged to be an insurance matter falling under provincial responsibility.
Vertical pay dispersion is specifically the difference in remuneration between the most senior employees of an organisation (e.g., Executive Directors of Chief Executive) and an average employee. [23] Vertical pay dispersion has recently become a topic of political, social and news media discussions.
In this scenario, employees would prefer to receive higher wages and lower quality benefits. Transitioning the firm's expenses from wages to health insurance coverage allows the employees to receive quality health insurance by forgoing the option to get paid higher wages. Similar to the ideology of compensating wage differential where employees ...
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