Underpayment

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Underpayment

The act of paying an amount under the full amount. For example, if one's mortgage payment is $600 per month but one only pays $400 for July, one has underpaid the mortgage. Underpayment is not sustainable and may lead to serious financial difficulties. However, paying what one can afford when one cannot pay the full amount may be easier for both the obligor and the obligee.
References in periodicals archive ?
The report also estimated that airlines are underpaying the TSA by some USD14.
Although most businesses are faced with paying provisional tax we find that many business owners are confused by the way that the system works and some are completely unaware of the consequences of underpaying it.
However, the cost of getting this wrong and underpaying tax is severe.
At least one-half of the 4,000 companies underpaying the fund should be able to avoid the rate increase by making the changes, he says.
THE co-owner of a Wirral business named and shamed by the Government for underpaying workers claimed the error was "a genuine mistake".
Information obtained by Ms Wood revealed that 37 employers were found in 2012-13 to be underpaying their Welsh workers to the tune of PS97,226, but all escaped prosecution.
BIRMINGHAM employers underpaying workers by flouting minimum wage regulations risk losing 80 per cent of their business, according to a new survey.
ANOTHER 450,000 people face demands for a total of pounds 180million after underpaying tax through the pay-as-you-earn system.
Virgin Atlantic Airways has reportedly been forced to pay GBP2m in compensation after underpaying part-time cabin crew.
But I don't think that underpaying should have anything to do with enforcing laws.
Electric with submitting falsified payroll records and underpaying employees on the Upgrade of Laguna Sub-Regional Water Reclamation in Santa Rosa, the West Pittsburg BART station and the Cal-Trans San Francisco-Oakland Bay Bridge Video Project.
A total of 409 employers have been caught underpaying staff in the past two-and-a-half years.