What SIMPLIFIED EMPLOYEE PENSION (SEP) means: An arrangement under which an employer makes contributions to an employee's individual retirement account (IRA), or a self-employed person contributes to his own plan.
- Definition Self-Employment Income:
- Dictionary Self-employment income is income earned by a self-employed employed individual. In most cases, the income is subject to self-employment (social security and medicare) tax simplified employee pension (sep) definition.
- Definition Separate Maintenance Payments:
- Dictionary Amounts paid to one spouse by the other spouse under a court order or agreement while they live apart simplified employee pension (sep) explain.
- Definition Self-Employment Tax:
- Dictionary Self-employment tax is social security/medicare tax paid by self-employed individuals. See our Social Securty Wages and Earnings Base rate table for the current income base simplified employee pension (sep) what is.
- Definition Spousal IRA:
- Dictionary taxpayer whose spouse has little or no compensation for the benefit of that spouse. The designation "spousal" is significant for tax purposes only. There is no connection between a Spousal simplified employee pension (sep) meaning.
How works Simplified Employee Pension meaning in Tax definitions S .
