Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

deferred compensation

Read a random definition: free

A quick definition of deferred compensation:

Deferred compensation: This is a way that some companies pay their employees. Instead of giving all the money right away, they save some of it for later when the employee retires. This helps the employee avoid paying too much in taxes. Other ways of paying employees would make them pay taxes right away.

A more thorough explanation:

Deferred compensation is a type of employee compensation where a portion of an employee's pay is set aside to be received at a later time, usually at retirement. This is done to avoid taxes that would be incurred if the employee received the compensation immediately.

For example, let's say an employee earns $100,000 per year and their employer offers a deferred compensation plan. The employee decides to defer 10% of their salary, or $10,000, to be received at retirement. This means that the employee will only pay taxes on $90,000 of their income for that year, instead of $100,000.

Another example of deferred compensation is a stock option plan. In this type of plan, an employee is given the option to purchase company stock at a set price in the future. If the stock price increases, the employee can purchase the stock at the lower price and sell it for a profit. This is a form of deferred compensation because the employee is not receiving the benefit immediately, but rather at a later time.

Overall, deferred compensation is a way for employees to save money on taxes and plan for their future financial security.

defensive collateral estoppel | deficiency

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.