National Insurance Contributions (NIC) What is 'National Insurance Contributions - NIC' Payments made by employees and employers into the United Kingdom's National Insurance (NI). National

DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at

Roth IRA Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate of Deposits, mutual funds and o

Salary Reduction Contribution What is 'Salary Reduction Contribution' A cash- or deferred-contribution arrangement of an employer-sponsored retirement plan, under which participants can ch

Sales Mix Variance What is the 'Sales Mix Variance' Sales mix variance is the difference between a company’s budgeted sales mix and the actual sales mix that the firm sells to customers.

Salary Reduction Simplified Employee Pension Plan (SARSEP) What is 'Salary Reduction Simplified Employee Pension Plan - SARSEP' A plan offered by small companies - typically those with few

Savings Incentive Match Plan For Employees Of Small Employers (SIMPLE) What is 'Savings Incentive Match Plan For Employees Of Small Employers - SIMPLE' A retirement plan that may be establ

Charitable Contributions Deduction Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows taxpayers t

Canada Education Savings Grant (CESG) What is 'Canada Education Savings Grant - CESG' A grant from the Government of Canada paid directly into a beneficiary's Registered Education Savings

Canada Pension Plan (CPP) What is 'Canada Pension Plan - CPP' One of three levels of Canada's retirement income system, which is responsible for paying retirement or disability benefits. T