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[2] A "patronage dividend" is money paid by a cooperative to its patrons on the basis of business done with these patrons, pursuant to a pre-existing obligation, and based on the net earnings of the cooperative from the business done. [3] In practice, cooperatives typically charge their members for services and refund the profits proportionately.
A patronage dividend is a refund that a co-operative distributes to its members as a share of the co-op's profits. Unlike a regular stock dividend, a patronage dividend is not a return on investment.
This type of dividend is sometimes known as a patronage dividend or patronage refund, as well as being informally named divi or divvy. [ 38 ] [ 39 ] [ 40 ] Producer cooperatives, such as worker cooperatives , allocate dividends according to their members' contribution, such as the hours they worked or their salary.
From the ancient world onward, patronage of the arts was important in art history.It is known in greatest detail in reference to medieval and Renaissance Europe, though patronage can also be traced in feudal Japan, the traditional Southeast Asian kingdoms, and elsewhere—art patronage tended to arise wherever a royal or imperial system and an aristocracy dominated a society and controlled a ...
The tax rates for this income type are subject to regular income tax rates, which can range from 10% to 37%, depending on your income bracket. Most people who are employed end up paying tax on non ...
Non-passive income, also known as active or earned income, refers to the money that you earn through your active efforts, typically by trading your time and expertise for compensation. This is the ...
The issuance or non-issuance of a Form 1099 in a particular case is not determinative of the tax treatment required of the payee. Each payee-taxpayer is legally responsible for reporting the correct amount of total income on his or her own Federal income tax return regardless of whether a Form 1099 was filed.
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 ...