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While payments received because a person has been physically injured are excluded from gross income,payments on account of non-physical injury must be included in gross income.
Hospital Insurance
Coverage that pays for hospitalization expenses either partially or in full, typically part of health insurance.
Time and a Half
A pay rate that is 1.5 times the employee's regular hourly rate, typically awarded for overtime work.
Double Time
A rate of pay that is twice the employee's normal hourly rate, often applied to overtime work beyond a certain number of hours.
Time and a Half
Time and a half refers to an overtime pay rate of one and a half times the regular rate, typically paid for work done beyond standard working hours.
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