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17 Results for Tag: wages

Nanny Tax

DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the nanny tax. Under current law, an

Official Strike

Official Strike What is 'Official Strike' A work stoppage by union members that is endorsed by the union and that follows the legal requirements for striking, such as being voted on by a m

Abandoned Property

Abandoned Property What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of safe deposit boxes that

Salary Freeze

Salary Freeze What is 'Salary Freeze' The action of a company suspending salary increases for a period of time. By freezing salary increases for a given period, management is hoping that t

Qualified Production Activities Income (QPAI)

Qualified Production Activities Income (QPAI) What is 'Qualified Production Activities Income - QPAI' Income derived from domestic production that qualifies for reduced taxation. More spe

Wage Expense

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. Depend

Wage Push Inflation

Wage Push Inflation What is 'Wage Push Inflation' Wage push inflation is a general increase in the cost of goods that is preceded by and results from an increase in wages. To maintain corp

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 take the money or propert

Wage-Price Spiral

Wage-Price Spiral What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising prices, or i

National Average Wage Index (NAWI)

National Average Wage Index (NAWI) What is 'National Average Wage Index - NAWI' An index calculated annually by the Social Security Administration (SSA) based on wages subject to federal i
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