Compensation


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Compensation

Arrangement under which the delivery of goods to a party is paid for by buying back a certain amount of the product from the recipient of the goods.

Compensation

Payment for services rendered. One is due compensation when one has performed a service for an employer or client. Examples of compensation include wages, salaries, tips, fees, and commissions. Compensation is usually the primary component of an individual's tax liability. It is also called remuneration.

compensation

(1) Payment for goods or services.(2) Damages necessary to restore an injured party to his or her position before the wrongdoing.(3) In eminent domain, payment to property owners for the value of the property taken and any damage caused to the value of the remaining property.

Compensation

Wages, commissions, tips, professional fees, and net self-employment income received for services rendered; that is, earned income.
References in periodicals archive ?
In addition, Congress enacted the Longshore and Harbor Workers' Compensation Act (LHWCA) to provide workers' compensation to specified employees of private maritime employers.
The proposed regulations provide the same exemption rules for stock appreciation rights (SARs) as for NQSOs, generally not treating SARs as deferred compensation if:
An option's tax attributes will determine whether a deductible temporary difference will arise when a company recognizes the option-related compensation expense on its financial statements.
Current proxy disclosures would be refined to include improved narrative disclosure on the compensation of the CEO, CFO and the three other highest paid executive officers, a change from current rules that don't specifically name the CFO.
That means more men and women who worked alongside nuclear reactors, and helped in the development of reliable power for space exploration and satellites, now have a shot at federal compensation.
We have fairly broad regulatory authority under the law," says Tax Talk Today panelist William Schmidt, senior counsel, executive compensation, office of the division counsel/associate chief counsel, Tax Exempt and Government Entities, IRS.
Taxation of deferred compensation could be further deferred from its original payment schedule (or the form of payment changed) after the underlying services had been performed, if the agreement to defer was entered into more than a de minimis period before the first payment was due.
Companies indicating their primary property type to be retail tended pay higher compensation than other property types.
Sixty-nine CEOs, or about 28 percent, experienced declines in total cash compensation from 1998 to 1999.
39] For the sake of simply demonstrating the efficacy of compensation for a wrong within the confines of this brief paper, however, a more focused approach is warranted.
Gary Chalus, "Defensive Compensation as a Response to Ego Threat: A Replication," Psychological Reports 38 (June, 1976): 699-702; Patricia East and Karen Rook, "Compensatory Patterns of Support among Children's Peer Relationships," Developmental Psychology 28 (June, 1992): 163-72; Jeff Greenberg and Tom Pyszczynski, "Compensatory Self-inflation: A Response to the Threat to Self-Regard of Public Failure," Journal of Personality and Social Psychology 49 (June, 1985): 273-80.

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