Sentences with phrase «amount after this deduction»

If a cancellation is requested post the issuance of the policy, the Company shall refund the premium amount after deduction of the expenses incurred on medical examination and / or stamp duty, as applicable.

Not exact matches

PEP is the phaseout of the personal exemption and Pease (named after former U.S. House Representative Donald Pease) phases out the value of most itemized deductions once a taxpayer's adjusted gross income reaches a certain amount.

An indexation allowance may be available to such a holder to give an additional deduction based on the indexation of its base cost in the shares by reference to U.K. retail price inflation over its holding period (but note that, in respect of disposals on or after 1 January 2018, the U.K. Government announced plans in the Autumn Budget 2017 to freeze indexation allowance at the amount that would be due based on the retail price index for December 2017).

A lot of people just look at the amount of mortgage interest they pay or the stated rate without figuring out what they are really paying after accounting for the deduction.

For example, if your weekly income after deductions are taken out is $ 300, your employer would be required to calculate the amount due under the two formulas: (1)($ 300 — 217.50 = $ 82.50) or (2)(25 % of $ 300 = $ 75) and pay the creditor the smaller amount.

The limitation on itemized deductions (sometimes called «Pease» after the Ohio congressman who proposed it) reduces deductions for high - income taxpayers by 3 percent of the amount by which their AGI exceeds a threshold — $ 261,500 in 2017 ($ 287,650 for heads of household, $ 313,800 for married couples filing jointly, and half of that for married couples filing separately)-- but not by more than 80 percent of deductions claimed.

The amount is, however, GH cents 248 less than the GH cents 452 the trainees were receiving after deductions before the allowance was scrapped

For Lane Crawford Privilege Card holders, minimum purchase amount for qualifying transactions to receive the Voucher is calculated after deduction of Privilege Card regular discount i.e. on the net purchase amount.

The calculation of the Foundation Amount takes into account the Contracted ‑ Out Deduction, so someone who has the 35 qualifying years required for the full nSP may have a Foundation Amount which is less than full nSP after taking account of the Contracted - Out Deduction.

You would have created wealth almost 2.5 times of your Investment amount after 10 years and additionally, you would have got a tax deduction under Section 80C of the Income Tax Act, India.

Married filing separately status, meanwhile, receives a partial deduction up to $ 10,000 of income with no deduction after that amount.

For tax years after 2017, mortgage interest deduction for new mortgages is limited to the amount of interest on up to $ 750,000 of borrowed money.

Residual income is the amount of money available to the borrower after all deductions, withholdings, housing and installment debt are subtracted from the gross monthly income.

For calculating your maximum wage garnishment amount, your disposable income is generally your income after legally required deductions like taxes and social security.

After you have completed your payroll calculations, including withholding, deductions, and payroll tax amounts, after you have paid employees, you next task is creating payroll recAfter you have completed your payroll calculations, including withholding, deductions, and payroll tax amounts, after you have paid employees, you next task is creating payroll recafter you have paid employees, you next task is creating payroll records.

Because at the time of conversion, that is a taxable event making the entire amount considered «after tax» contributions to the Roth IRA, just like your normal after tax contributions to the Roth IRA (even though we won't actual pay tax because we'll rollover amounts within our deductions and exemptions).

Other voluntary deductions are post-tax deductions, which means your employer subtracts the cost of the benefit from your net wages — the amount of pay left after taxes and pre-tax deductions are subtracted.

Disposable earnings refers to the amount of earnings left over after mandatory federal, state and local deductions.

The federal wage garnishment law states that for the purpose of wage garnishment, disposable earnings is the amount of money you have left after subtracting deductions required by federal, state and local laws from your paycheck.

Tax experts estimate that failure to claim the Income in Respect of Decedent (IRD) deduction can result in a tax rate of 80 % or more on the inherited amount, broken down to a combination of estate taxes paid by the deceased IRA owner and federal / local state taxes paid by the beneficiary who inherits the assets after the death of the IRA owner.

Since the W - 2 and property rule phase in after $ 157,500 (single, HOH, MFS) or $ 315,000 (MFJ), then your deduction amount is impacted by the phase - in calculation percentage for the W - 2 and property rules.

Net income is the amount of money you receive after taxes and other deductions (health and life insurance, 401k contributions, etc.).

The tax tables issued by the federal government and many state governments determine what amount of tax you owe based on your net income after deductions and exemptions.

Qualified fishing property is also eligible for the enhanced lifetime cumulative capital gains deduction limit to $ 1 million, effective for dispositions of qualified fishing property after April 20, 2015.39 Similar to the rules for farm property and small business shares, the available capital gains deduction will be reduced by the amount of capital gains deductions claimed on other property.

My wife and I took the Tuition and Fees Deduction in 2015 after receiving a 1098 - T from her accredited University that had box 2 (Amounts billed for qualified tuition and related expenses) as $ 5603.80.

The after - tax amount available is in the form of lump sum distribution after the deduction of federal taxes and the original investment amount in a 32 % tax bracket.

Calculate employee take - home pay, which is the amount they earn after income tax, FICA, health insurance deductions, retirement fund payments, child support, etc..

«Disposable earnings» means that part of the earnings of a debtor remaining after deduction of amounts required by law to be withheld, and disposable earnings shall not include periodic payments pursuant to a pension, retirement, or disability program.

The amount of tax on the 401k withdrawal will be based upon including that withdrawal along with all of your other income for the year, and then applying the tax brackets to the result (after deductions and exemptions).

This is the amount of your paycheque after taxes and other deductions.

Imagine a single retired individual in 2016 who is in her mid 60s and has $ 60,000 of Adjusted Gross Income, reduced by a $ 7,850 standard deduction (including the over-age-65 amount) and a $ 4,050 personal exemption down to $ 48,100 of taxable income after deductions, which places her in the 25 % individual tax bracket.

C = The taxable component of the lump sum calculated under sections 307 - 120 and 307 - 125 of the ITAA 1997, as if no deduction under subsection 295 - 485 (2) of the ITAA 1997 were allowed, after excluding the actual (if any) insured amount for which deductions have been claimed under sections 295 - 465 or 295 - 470 of the ITAA 1997.

The rules for the mortgage interest deduction have changed somewhat thanks to tax reform: The deduction is now capped at mortgage amounts of $ 750,000, though if you have an existing mortgage that's larger than that, you'll still be allowed to deduct the interest (the new limit applies to mortgages acquired after 2017).

Effective for taxable years beginning on or after January 1, 2016, you may claim a deduction for the amount contributed during the taxable year to an ABLEnow account entered into with the Virginia College Savings Plan.

On tax returns, «taxable income» is your income after subtracting all adjustments, deductions and exemptions — that is, the amount on which your tax bill is computed.

+ read full definition and government grants are taxable incomeTaxable income The amount of income you have to pay tax on, after tax credits and deductions.

A «presumption of abuse» will arise if: (1) the debtor has at least $ 182.50 in current monthly income available after the allowed deductions (this equals $ 10,950 over five years) regardless of the amount of debt, or (2) the debtor has at least $ 109.59 of such income ($ 6,575 over five years) and this sum would be enough to pay general unsecured creditors more than 25 % over five years.

However, the 50 percent rule is applied only after determining the amount of the otherwise allowable deduction.

The benefit gained was the total value of the property or advantage obtained, not the defendant's net profit after deduction of expenses or any amounts payable to coconspirators.

Woe unto the lawyer who advises a client to accept a settlement without advising the net amount to be received after deduction of tax.

The amounts recovered will be distributed to the public bodies in proportion to their loss, after deduction of expenses related to the implementation of the Bill.

In general terms, the formula calculates the net disposable incomes of each party, after paying taxes, deductions and the children's costs, and then calculates the amounts of spousal support to be paid that would leave the recipient with between 40 and 46 % of the total of the two parties» net disposable incomes.

For an insurance company their investment income is the amount of money earned from premiums and any other investments they hold after the deduction of claims and benefits paid out to their policy holders.

Your adjusted income is the amount you make after factoring other deductions & retirement contributions.

After the deduction of the cost of your insurance, any excess amount grows in value as interest is credited.

In case your term insurance policy is issued on or after April 1, 2012, then tax deduction is applicable only for the total premium amount valued up to 10 % of the maximum sum assured.

If you satisfy all conditions, premiums that you have paid for your bike insurance will be refunded to you after a certain amount of deduction.

For example: Consider your annual premium to be Rs 40,000 & after deduction of Premium Allocation Charges of Rs 2000, the amount going into investment in equity fund is Rs 38,000.

He is paid an amount after taking into account the current value of the car and also certain deductions were made.

The final amount is your premium after deduction of charges.