Backup withholding
What Is Backup Withholding? Backup withholding is a type of income tax withholding required in certain nonemployee payment situations. It typically occurs when a person or business receiving payment (the
Payroll Vocabulary Explained
What Is Backup Withholding? Backup withholding is a type of income tax withholding required in certain nonemployee payment situations. It typically occurs when a person or business receiving payment (the
What Is Back Pay? Back pay refers to money that an employer owes an employee for work that has already been completed but wasn’t properly compensated. This can occur due
What Is a 401(k) True-Up and Why Does It Matter? A 401(k) true-up is an additional year-end employer contribution designed to ensure employees receive the full match promised in their
What Is a 360-Degree Feedback Survey? A 360-degree feedback survey is a multi-source performance evaluation tool used by companies to gather well-rounded feedback about an employee. Rather than relying only
