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A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December. Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in ...
The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. The thirteenth month pay is exempted from being taxed by the government. The photo below is from the Department of Labor and Employment, which shows the computation of a hypothetical thirteenth ...
13th month pay, service leaves, medicare and maternity benefits, etc., union dues (if any) The above-mentioned pecuniary benefits are deducted by the employer from the gross monthly salary of the employee. [citation needed] Probationary employment. In addition to regular employment, probationary employment is also possible through the Code.
The word undecimber is based on the Latin word undecim meaning "eleven". It is formed in analogy with December, which, though the twelfth month in the Gregorian calendar, derives from decem meaning "ten". The word undecember (abbreviated Vnde) is recorded from a Roman inscription according to the Oxford Latin Dictionary, which defines it as "a ...
Taxation. A tithe ( / taɪð /; from Old English: teogoþa "tenth") is a one-tenth part of something, paid as a contribution to a religious organization or compulsory tax to government. [1] Today, tithes are normally voluntary and paid in cash or cheques or more recently via online giving, whereas historically tithes were required and paid in ...
Ides. The Romans did not number each day of a month from the first to the last day. Instead, they counted back from three fixed points of the month: the Nones (the 5th or 7th, eight days before the Ides), the Ides (the 13th for most months, but the 15th in March, May, July, and October), and the Kalends (1st of the following month).
In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
Taxation in medieval England was the system of raising money for royal and governmental expenses. During the Anglo-Saxon period, the main forms of taxation were land taxes, although custom duties and fees to mint coins were also imposed. The most important tax of the late Anglo-Saxon period was the geld, a land tax first regularly collected in ...