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What do you consider the most impressive tangible contributions an employee can make to his her employer?
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If the provident fund administrator returns contributions does the employer then refund both the employee and employer contributions to the employee?
Yes.
The employee contributions to medicare are limited on an annual basis?
Employee and employer Medicare contributions are fixed on an annual basis.
Whether ctc included employee pf and employer pf?
Yes. CTC includes both Employee and Employer PF contributions
What journal entry for provident fund?
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
Which if these involved in employer to employee trust?
The employee's criticism of the employer
An employer asks an employee that I can count on you to?
If an employer asks an employee if that employer can count on him or her, the answer should be yes. An employee must be reliable in order to benefit the employer.
What is a vesting deed?
When referring to employment benefits, vesting is the amount of time to ownership to the employer's contribution to his or her accrued benefits. In the case of a pension, an employer makes contributions to an employee's retirement plans over the course of his or her employment. Generally, the employee must complete a certain amount of time before he or she has rights to the employer contributions in the pension plan. Plan benefits are said to "vest" at the end of that time period. Example: An employee receives $1,000 a year in employer contributions to his/her pension plan, with 50% vesting after 2 years of employment and 100% vesting after 3 years of employment. [To keep it simple, assume 0% returns in the pension plan.] If the employee quits at the beginning of his/her third year of employment, he or she is entitled to $1,000 * 2 years of employer contributions * 50% = $1,000 in the pension plan. If the employee quits at beginning of his/her fourth year of employment, at retirement, he or she is entitled to $1,000 * 3 years of employer contributions * 100% = $3,000 in the pension plan.
Does the 401K contribution limit for 2008 include employer matching contributions or is the limit only on employee contributions?
The contribution that is matched by an employer is not counted towards a 401k contribution limit. If someone contributes the maximum IRS allowed amount each year, still the employer's matching contribution would be in addition to that limit.
Can employers make contributions to roth IRA?
Yes and no, if an employer contributes to your Roth IRA directly the employer must report it as income to you. Since it is income they must also report it to uncle sam as taxable income and the employer will have to pay payroll taxes on the contribution. They can not pay into a Roth as the employer, so that answer is NO. Most employers will not want to deal with the potential IRS reporting nightmare this can have. That being said, the're companies that offer PDP, payroll deduction plans. These plans are employee funded through the employees paycheck. The funds can be used to fund any type of account, i.e Roth, IRA, 529 and so on. The Employer then sends one check monthly to the company of choice based on the amount each employee has withheld from thier individual pay checks, hence payroll deduction. If the employer is looking to offer this as a benefit to it's employee or key employee the employer would increase the employee's pay to match the amount the employer wishes to contribute to the employee. But ultimately it looks like the employee is making the contributions.
Defined Contribution Plan?
Employee and/or employer contribute money to an individual retirement account. The employee is responsible for choosing how these contributions are invested and how much to contribute form their paycheck through pretax deductions.
Which factors would an employer consider if he or she were trying to decide wheather to hire an additional worker?
An employer would consider the forecasts of workload and their budget> When considering whether to hire another worker they must consider the total cost of the employee such as benefits and insurance.
What percentage of your income can you contribute to your 401k?
There is no limit based on percentage of income. However, most employer plans set a limit as a percentage of salary. Check with your employer for the limit they have set. The law allows them to set a limit as high as 100% of your salary, though I know of none that actually has a limit that high. The limit on before-tax contributions and Roth 401k contributions for 2009 is 16,500 ($22,000 if you are 50 or over) per taxpayer, no matter how many employers you have. There is also a limit of $49,000 total including all employer and employee contributions (before or after-tax) per unrelated employer. (Few employers allow employee after-tax contributions.)
