Tag: SI

Single Life Distributions means:monthly annuity payments made to a retired employee for life from a retirement plan; they are taxed when received….

Sinking Fund means:money accumulated on a regular basis in a separate custodial account and used to redeem debt securities or preferred stock issues. Putting money in a sinking fund does not provide a tax deduction; interest earned on the sinking fund is taxable….

The Sick Pay are. payment to an employee to replace wages during the period when he or she is absent from work because of illness or personal injury. Sick pay is taxable income to the employee and includes payments made by any of the following: • the employer. • a welfare fund. • a st…