Taxable Compensation means the compensation from the Company and its Affiliates as reported in Box l of Form W-2, excluding any compensation received by a Participating Pilot from the Company or its Affiliates for services rendered as a Management Pilot
Taxable Compensation means the total annual compensation paid to an Employee by the Employer and Affiliated Companies during a Plan Year, as defined in the Treasury Regulations issued under Section 415 of the Internal Revenue Code. "Taxable Compensation" includes an Employee's wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of employment with the Employer and Affiliated Companies (including, but not limited to, commissions paid to salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips and bonuses). Except as provided below, "Taxable Compensation" does not include items such as:
Taxable Compensation means the W-2 compensation paid to an individual for Service during any period under consideration.
Examples of Taxable Compensation in a sentence
Subtitle E—Simplification and Reform of Exclusions and Taxable Compensation Sec.
In addition to the Salary set out above, during the term of this Agreement the Executive Director shall receive the Other Taxable Compensation described in the Basic Terms.
Denial of deduction for expenses attributable to the trade or business of being an employee 18 Subtitle E – Simplification and Reform of Exclusions and Taxable Compensation 19 Sec.
Based upon the individual circumstances of the rostered minister there may be significant tax advantages in claiming the maximum amount possible as "housing allowance".Enter Housing Allowance Below$0.00 Taxable Compensation $57,630.00APPENDIX BQUESTIONS OFTEN ASKED Why is a housing allowance included in a pastor’s compensation?There are two primary reasons: tradition and tax advantage (IRS).
Changes in Taxable Compensation The revenue estimate (consistent with the cash method approach generally used for preparing revenue estimates) will take into account changes in the amount of compensation that is currently taxable.
More Definitions of Taxable Compensation
Taxable Compensation means wages, salaries and professional fees paid by the Employer and all Related Companies (and, for Section 10.4, all other Controlled Employers) to the Employee for his services as an Employee during the relevant period, including sales or insurance commissions, compensation based on a profits percentage, tips and bonuses, plus the Employee's elective deferrals under section 402(g) of the Code and amounts contributed or deferred by the Employee pursuant to sections 125, 132(f), or 457 of the Code. "Taxable Compensation" shall not include: (i) benefits received or made available to the Employee under a Tax-Qualified Plan (except to the extent provided in the preceding sentence); (ii) contributions made on behalf of an Employee to a simplified employee pension plan to the extent they are deductible by the Employee under section 219(b) of the Code; (iii) amounts taxable to the Employee under Code section 83 in connection with nonqualified stock options or restricted property received as compensation for services and amounts realized from the disposition of stock acquired under qualified stock options; and (iv) any other remuneration items eligible for special tax benefits (to the extent those tax benefits apply), such as group life insurance premiums under Code section 79, tax-sheltered annuity contributions under Code section 403(b) and health insurance premiums or benefits. This definition is to be interpreted to include all remuneration described in Treasury Regulations ss.1.415-2(d)(2)(i) and to exclude all items described in U.S. Treasury Regulations ss.1.415-2(d)(3). [This term is primarily used for determining Maximum Annual Additions; see, also, the definition of "Pay" in Section 5.1.]
Taxable Compensation in Sections 2.3(a)(i), 2.3.(a)(ii), and 2.3(b)(ii) is changed to “Compensation”.
Taxable Compensation means, with respect to an Employee for a Plan Year, the Employee's wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of employment with a Participating Employer to the extent that the amounts are includable in gross income. "Taxable Compensation" includes, but is not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, reimbursements, expense allowances, and amounts received under an unfunded nonqualified plan in the year the amounts are includable to gross income. Taxable Compensation does not include contributions made by the Participating Employer to a plan of deferred compensation to the extent that, before the application of the Code Section 415 limitations to that plan, the contributions are not includable in the gross income of the Employee for the taxable year in which contributed; distributions from a plan of deferred compensation (other than amounts under an unfunded nonqualified plan in the year the amounts are includable in gross income); or other amounts that receive special tax benefits, such as premiums for group term life insurance (but only to the extent that the premiums are not includable in the gross income of the Employee). "Taxable Compensation" also includes Salary Deferral Contributions made on behalf of the Employee for the Plan Year and amounts that would have been payable to the Employee during the Plan Year in the absence of a salary deferral agreement but are excluded for gross income pursuant to Code Sections 125, 457, or 402(g).
Taxable Compensation means, with respect to a Participant for each Limitation Year, compensation as defined under Code Section 415(c)(3) and the Treasury Regulations thereunder. In no event shall a Participant's Taxable Compensation for a Limitation Year beginning on or after January 1, 1989 exceed the applicable Code Section 401(a)(17) Limit set forth in Section 1.6(b)
Taxable Compensation means the total cash and ---------------------- non-cash remuneration paid to a Participant by
Taxable Compensation means, with respect to a Limitation Year, compensation as defined under Code Section 415(c)(3) and the Treasury Regulations thereunder. For more specificity, “Section 415 Compensation” shall mean compensation reported on Form W-2 within the meaning of Treasury Regulation §1.415(c)-2(d)(4) increased by elective deferrals and other amounts required under Code Section 415(c)(3)(D) to be included in compensation except that amounts excluded from the employee’s gross income under Code Section 132(f)(4) shall not be included in “Taxable Compensation” before the Limitation Year beginning on January 1, 2001. Effective January 1, 2008, an amount is not Taxable Compensation if it is paid after the Participant’s severance from employment unless (i) the Participant is in qualified military service (as defined in Code Section 414(u)), (ii) the Participant is permanently and totally disabled (as defined in Code Section 22(e)(3)), or (iii) the amount is paid by the later of 2-1/2 months after severance from employment or the end of the year that includes the date of severance from employment and is described in Treasury Regulation §1.415(c)-2(e)(3)(ii) or (iii). In no event shall a Participant’s Taxable Compensation for a Limitation Year beginning on or after January 1, 1989 exceed the applicable Code Section 401(a)(17) Limit set forth in Section 1.6(b). .” (The emphasis is not included in the amendment.)
Taxable Compensation means the total cash and non-cash remuneration paid to a Participant by the Employer or an Affiliate for services rendered during the Plan Year, but excluding: