gross up

İngilizce - İngilizce

gross up teriminin İngilizce İngilizce sözlükte anlamı

A process in which the employee is reimbursed additional dollars to cover the increased tax liability which results from receiving company provided relocation reimbursements This gross-up often also covers the tax-on-tax occurrence that arises due to the extra income that results from the gross-up itself

Gross-up is a benefit many employers provide to assist the employee with the tax liability that will be associated with reimbursements made for relocation expenses Rather than issue the gross-up dollars to the employee, most employers elect to deposit the funds for the employee with the different tax authorities It is important to remember that gross-up does not guarantee an employee will not incur extra tax liability due to their reimbursements Much will depend on the specific company gross-up policy and personal tax filing issues Since gross-up is a benefit, it is also considered taxable income

The process used to calculate taxes and resultant gross pay from a check for an exact net amount

Heceleme

Gross up

Türkçe nasıl söylenir

grōs ʌp

Telaffuz

/ˈgrōs ˈəp/ /ˈɡroʊs ˈʌp/

Etimoloji

[ 'grOs ] (adjective.) 14th century. Middle English, from Middle French gros thick, coarse, from Latin grossus.