What CAFETERIA PLAN means: A plan wherein an employer offers a choice of salary or specified nontaxable fringe benefits from which participating employees may select. The plan may be funded with employer contributions, employee contributions (usually through salary reduction agreements) or a combination of both. Also called a section 125 plan.
- Definition Custodial Parent:
- Dictionary The parent with whom a child lives for the greater part of the year cafeteria plan definition.
- Definition Compensation:
- Dictionary Wages, commissions, tips, professional fees, and net self-employment income received for services rendered; that is, earned income cafeteria plan explain.
- Definition Coverdell Education Savings Account (ESA):
- Dictionary savings plan under which any number of taxpayers may contribute up to a total of $2,000 per year per eligible beneficiary. Contributions are nondeductible. Earnings withdrawals are tax free and cafeteria plan what is.
- Definition Calendar Year:
- Dictionary A year that begins January 1 and ends December 31 cafeteria plan meaning.
How works Cafeteria Plan meaning in Tax definitions C .
