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  2. Gratuity - Wikipedia

    en.wikipedia.org/wiki/Gratuity

    A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.

  3. The Payment of Gratuity Act, 1972 - Wikipedia

    en.wikipedia.org/wiki/The_Payment_of_Gratuity...

    The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.

  4. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Note that under the scheme of letters of credit, banks are neither benefactors of sellers nor benefactors of buyers and the seller receives no money in gratuity mode. Thus is possible that a “letter of credit” was one of those contracts that needed to be masked to disguise the “consideration or privity requirement”.

  5. Gratuity Guide: How Much To Tip in Every Situation - AOL

    www.aol.com/finance/gratuity-guide-much-tip...

    If you want to show appreciation to your pet care providers for a job well done, experts recommend a 10% to 15% gratuity. Valet Drivers. When using a valet, experts have a few key recommendations ...

  6. Mandatory tipping - Wikipedia

    en.wikipedia.org/wiki/Mandatory_tipping

    Mandatory tipping (also known as a mandatory gratuity or an autograt) is a tip which is added automatically to the customer's bill, without the customer determining the amount or being asked. It may be implemented in several ways, such as applying a fixed percentage to all customer's bills, or to large groups, or on a customer-by-customer basis ...

  7. Provision (accounting) - Wikipedia

    en.wikipedia.org/wiki/Provision_(accounting)

    In financial accounting under International Financial Reporting Standards (IFRS), a provision is an account that records a present liability of an entity. The recording of the liability in the entity's balance sheet is matched to an appropriate expense account on the entity's income statement.

  8. Honorarium - Wikipedia

    en.wikipedia.org/wiki/Honorarium

    They are ostensibly receiving a reimbursement for their costs in their voluntary roles as coaches. The concept of an honorarium has a tax implication. In Australia, recipients of these funds make a tax declaration (known as the hobbyist form) [10] to the tax office and therefore do not have to include this money in their annual tax return.

  9. Tax Reform Act of 1986 - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_Act_of_1986

    Although the Act made numerous amendments to the 1954 Code, it was not a re-enactment or a substantial re-codification or reorganization of the overall structure of the 1954 Code. Thus, the tax laws since 1954 (including those after 1986) have taken the form of amendments to the 1954 Code, although it is now called the 1986 Code.