In its recent Advisory Opinion 2013-03A, the DOL provided guidance as to the fiduciary review needed to set up such an ERISA
expense account.
The paper asked PASYDY head Glafcos Hadjipetrou about calculating the
expense account into the pension, who noted that the overtime hours of civil servants, for example, were not included when calculating their pension benefits.
Harris said there was $230,000 in the general
expense account, and $5,000 in the capital outlay account.
Moreover, if a standard costing system is used, an over/under absorbed
expense account is used to record variances that are not allocated to inventory.
The largest administrative category in USAID's operating
expense account is salaries and related support for U.
Note: the screen actually asks for an
expense account, but I believe that if the Item is being used to track a lob/project related cost it should go to a Cost of Goods Sold type of account, not an expense.
I WAS in the privileged position of working for a major US company with an
expense account.
ONCE again our politicians lead by example and are shown to be nothing more than self-seeking money-grabbers whose main motivation is to maximise their
expense account taken from our taxes.
Although no figure was revealed at the meeting, voters agreed to transfer the balance in the fiscal 2007 tax title
expense account to the fiscal 2008 tax title
expense account.
Since 1949, Presidents have also received a non-taxable $50,000
expense account.
