Vacation Pay


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Related to Vacation Pay: Holiday Pay

Vacation Pay

Time for which an employee is paid even though he/she is on vacation. Many companies offer paid vacation time to employees after a certain period of employment. Some jurisdictions require paid vacations. If one has accumulated vacation time (based on length of employment) and quits or retires without using it, the employer often must pay for the time in cash.
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There is a large difference in access to vacation pay between the less-than-30 and the 30-35-hours categories (31 percentage points).
Other settlement features include increases to vacation pay and an improved boot allowance.
Whether John is entitled to payment for his unused vacation pay depends on the circumstances.
Travel Business Review-May 19, 2011--InterContinental Hotels Offers Vacation Pay Promotion for Summer(C)2011] ENPublishing - http://www.
A longer waiting period--such as six months--before new employees become eligible for vacation can reduce the amount of vacation pay you provide to short-term employees.
According to the letter, Laski's pay for the period of his leave had been reduced to minimum wage, and his vacation pay and expense reimbursements--totaling more than $28,000--would be withheld and applied to a portion of what Heifer alleged it was owed.
The bank had last month turned down the company's request to issue vacation pay to its employees.
This item discusses questions about the application of the all-events tests to payroll taxes on two of the most common forms of deferred compensation: vacation pay and bonuses.
Review what the employer offers and consider asking for additional compensation that could include accrued vacation pay, outplacement counseling, extended health and life benefits, or the opportunity to buy employee-discounted stock options.
1996-2 CB 1], employment taxes on accrued bonuses and vacation pay of an accrual method taxpayer are deductible in the year in which they are paid rather than the year the vacation/bonus pay is accrued.
This was after his accumulated vacation pay had run out.
The lawsuit, which names 15 sheriff's employees as plaintiffs but represents a much larger number of employees who retired with excess vacation pay that was not used to boost their pensions, was filed against the county.