A(n)________ Is a Financial Incentive That Is Given on a One-Time

question 4

Short Answer

A(n)________ is a financial incentive that is given on a one-time basis and does not raise the employee's base pay permanently.

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Definitions:

Professional Dues

Fees paid to a professional organization or union that the member may be able to deduct on their tax return.

Medical Expense Deduction

A tax deduction for expenses related to the diagnosis, cure, mitigation, treatment, or prevention of disease.

Adjusted Gross Income

Gross income minus adjustments, used to determine taxable income on an individual's tax return.

Health Insurance

Coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.