what is stipend
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Stipend Law and Legal Definition Stipend Law & Legal Definition. A stipend is a fixed sum of money paid periodically for services or to defray expenses. The fact that remuneration is termed a fee or stipend rather than salary or wages is immaterial.Wages are generally subject to employment taxes.Payment of stipends is made according to the policies of the governing entity.he fact that remuneration is termed a fee or stipend rather than salary or wages is immaterial. Wages are generally subject to employment taxes. Payment of stipends is made according to the policies of the governing entity.
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Chapter 8, Section 1: Hiring and Placement This program provides scholarships that fully fund the typical costs that students pay for books, tuition, and room and board while attending an approved institution of higher learning. Additionally, participants receive stipends of up to $8,000 for undergraduate and $12,000 for graduate students.
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Visual Synonyms of salary compensation (n). An allowance is a stipulated amount furnished at regular intervals as a matter of discretion or gratuity, as of food to besieged soldiers, or of money to a child or ward. Compensation is a comprehensive word signifying a return for a service done. Remuneration is applied to matters of great amount or importance.
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Definition of 'stipend' 1. countable noun. A stipend is a sum of money that is paid regularly, especially to a magistrate or a member of the clergy, as a salary or for their living expenses. [mainly British] 2. countable noun. A stipend is a sum of money that is paid to a student for their living expenses.
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Scholarship Stipend Payments Scholarship Stipend Payments. A scholarship is generally an amount paid or allowed to, or for the benefit of, a student at an educational institution to aid in the pursuit of studies. See IRS Publication 970. Individuals receiving scholarship stipends are not employees of the University. Scholarship Stipends are typically paid on a quarterly basis at the beginning of each academic quarter. Scholarship stipends are not subject to withholding of income taxes, Social Security, or Medicare.
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What Is the Difference Between Paying a Stipend & Wages? A wage is compensation in the form of money for work performed. Earning a wage means regular payments from an employer who controls the work hours and workplace and supplies necessary tools, clothing and equipment.
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Cost-of-attendance stipends show which sports colleges want to spend on The new “cost-of-attendance” stipends — money for gas, groceries, travel home and other similar expenses incurred by college students — are optional, and based on school financial aid office estimates. They vary widely between schools, but generally fall in the range of $2,000 to $5,000.
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Learn the Definition and Purpose of a Stipend What is the definition of a stipend? If you're an intern who will receive one, it's important to know both what this term means and its purpose. A stipend is simply a fixed sum of money paid periodically to cover expenses. With this review, learn more about stipends and how they differ from hourly wages.
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stipend Popular Terms. A source of funds that is provided to an individual, such as through a scholarship, which allows the individual to pursue a particular interest, such as an internship. Stipends usually do not cover all expenses associated with the pursuit of the interest.
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Technical Cooperation Stipend rates. Stipend rates are established by the United Nations. The rates are reviewed periodically on the basis of actual expenditures incurred by fellows in the various countries of study. The stipend is normally established at two different rates for each country: the travel rate and the residential rate.
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Minimum Wage? Stipends? Benefits?: Is Your Internship Program Compliant? Stipends and Interns. You may pay a stipend to non-employee interns if your program meets the USDOL and NYSDOL requirements. In this instance though, as a practical matter, an employer must exercise extra caution to ensure that the intern doesn’t misinterpret the stipend as wage compensation for training or services provided. This point is clarified by factor six of the USDOL unpaid intern requirements.
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stipend Latin stīpendium soldier's pay, syncopated variant of *stipipendium, equivalent. to stipi-, combining form of stips a coin + pend(ere) to weigh out, pay (see pend) + -ium -ium. late Middle English stipendie 1400–50. 1, 2.See corresponding entry in Unabridged See pay.
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- TMS is a third-party group that partnered with Ashford University on of June 30, 2014, to manage stipend disbursements for eligible students. On Ashford’s behalf, TMS will print and mail paper checks, or process direct deposits, for students who are eligible to receive a stipend of any excess funds.
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- Businesses with up to $5 billion paid a total of $182,500, and those with $5 billion or more paid $236,650. In addition to the pay for being a board member, board chairs receive a stipend. According to Cook and Company, stipends vary by industry. In 2013, in financial services and technology, the median stipend was $50,000. In the retail industry, the median stipend was $100,000 in 2013.
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Salary A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.n Botswana, salaries are almost entirely paid on a monthly basis with pay dates falling on different dates of the second half of the month. Pay day usually ranges from the 15th of the month to the last day.
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Are stipends considered self employment income? Wages are generally subject to employment taxes and should be reported on Form W-2, Wage and Tax Statement. Refer to Publication 15, Circular E, Employer's Tax Guide, section 5, Wages and Other Compensation, for rules on accountable and nonaccountable plans for employee business expenses. The income from stipends is reportable.
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Mileage Reimbursement Vs. Monthly Stipends Two common ways to repay employees exist for small business - mileage reimbursement and monthly mileage stipends. The amount small businesses pay for mileage reimbursement depends on the actual miles employees accumulate. A monthly stipend is a predetermined fixed amount a business pays an employee for mileage expenses.
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What is a dividend? What is a dividend? A dividend is a payment of money made regularly (usually annually) by a company to its shareholders out of its profits. A company can choose whether or not it pays a dividend. A company may prefer to reinvest its profit back into the company rather than pay dividends to its shareholders.
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wage (wāj) n. 1. A regular payment, usually on an hourly, daily, or weekly basis, made by an employer to an employee, especially for manual or unskilled work. 2. wages The price of labor in an economy. 3. often wages(used with a sing. or pl. verb) A fitting return; a recompense: the wages of sin.
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- stipend - a sum of money allotted on a regular basis; usually for some specific purpose. 1  regular payment - a payment made at regular times. 2  prebend - the stipend assigned by a cathedral to a canon. noun grant, award, subsidy, allowance, donation, endowment, allocation, benefaction Olympic probables receive a stipend of £6000 of lottery money a year.
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Dividend A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business (called retained earnings) and pay a proportion of the profit as a dividend to shareholders. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or share repurchase.
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Definitions &Translations Stipends are usually lower than what would be expected as a permanent salary for similar work. This is because the stipend is complemented by other benefits such as accreditation, instruction, food, and/or accommodation. stipend is a form of salary, such as for an internship or apprenticeship.
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- A salary is the amount that an employee receives in exchange for working over a specific period of time without regard for the precise number of hours worked. For example, an employee with a monthly salary of $2,000 would receive $2,000 that month whether the employee worked 160 or 200 hours.
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stipend The definition of a stipend is a sum of money paid at regular intervals. An example of a stipend is a small sum of money paid to a graduate teaching assistant by the school to cover living expenses. a regular or fixed payment for services, as a salary. any periodic payment, as a pension or allowance.
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- When you are not appointed on salary basis and work under training, you get stipend. Many companies take freshers, train them and for their services the companies pay them stipends which are minimal amount paid for their services. So now you might have got a bit of idea about what is a stipend.ertain companies also pay stipend on less frequent basis than regular paychecks. It can be paid once a month or can be paid as lump sum once. This is why it becomes important for the person to manage money of the stipend accordingly.
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- A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, it can re-invest it in the business (called retained earnings), and pay a fraction of this reinvestment as a dividend to shareholders.