Vacation


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Vacation

A period of time during which one ordinarily would work but does not, normally to engage in some pleasure. One may spend a vacation traveling, relaxing or simply organizing one's personal life. Many companies offer paid vacation time to employees after a certain period of employment. Some jurisdictions require paid vacations.
References in periodicals archive ?
Assume the CRNAs work 40 hours per week, average two cases per each 8-hour work period, and take four weeks of vacation per year.
A taxpayer with a vacation home that is primarily a rental is thus likely to conclude that losses are deductible, within the stated constraints.
In addition to Olivia, two gay-male--focused companies, RSVP Vacations and Atlantis Events, have perhaps the highest media profile, while vacations including everything from white-water rafting to intimate five-star comfort journeys are also being offered by Above and Beyond, Toto Tours, Coda Tours, Alyson Adventures, Gayjet, Q7C, Venture Out, Pride International, DavidTours [see page 39], and other companies.
Typically, 12 to 14 residents attend each vacation.
But BV could also fall under the jurisdiction of CAS 415, since these costs are often deferred for many years, until the employee either uses the vacation time or leaves the firm.
To avoid this result, the tax-payer in the TAM, within 2 1/2 months after the end of its tax year, obtained an irrevocable letter of credit to secure payment of accrued vacation compensation.