Tag: salary
Salary Freeze
What is 'Salary Freeze' The action of a company suspending salary increases for a period of time. By freezing salary increases for...
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 fewer than...
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 established by employers,...
Camouflage Compensation
What is 'Camouflage Compensation' Compensation that is granted to upper echelon employees, directors, consultants and related parties that is not fully disclosed...
Parsonage Allowance
Did you know that you could receive a parsonage allowance? A parsonage allowance is a tax-free housing allowance given to ministers, priests, and rabbis....
Paraplanning
What is 'Paraplanning' A relatively new position within the financial planning industry that involves the performance of the administrative duties of a...
Variable Benefit Plan
What is 'Variable Benefit Plan' A type of retirement plan in which the payout changes depending on how well the plan's investments...
Fair Labor Standards Act (FLSA)
What is 'Fair Labor Standards Act - FLSA' A United States law which sets out various labor regulations regarding interstate commerce employment,...
Wage Expense
What is 'Wage Expense'
In financial accounting, wage expense represents payments made to non-manufacturing employees, regardless of whether they are hourly or salaried. Depending on...
Garnishment
DefinitionGarnishment is an American legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishment allows the plaintiff to...