What stipend means?

Definition of stipend

: a fixed sum of money paid periodically for services or to defray expenses.

What is another word for money paid to employees?

Remuneration is the total amount paid to an employee. It may include a salary or hourly rate, bonuses, commissions, or any other payment. In the view of the IRS, remuneration is the sum total of earnings and other taxable benefits and allowances.

What is the opposite of a stipend?

ˈstaɪpənd) A sum of money allotted on a regular basis; usually for some specific purpose. Antonyms. nonpayment. prebend. stipend (English)

Is stipend same as salary?

A stipend is nothing but a payment made to a trainee or a person – who is a learner – for living expenses. It is unlike a salary or wages which an employer pays to an employee. This ‘stipend’ amount is a pre-determined sum paid by the employer to aid offset expenses.

What is an example of a 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 fixed payment, generally small and occurring at regular intervals; a modest allowance.

What is another word for reimbursement?

Some common synonyms of reimburse are compensate, indemnify, pay, recompense, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something,” reimburse implies a return of money that has been spent for another’s benefit.

What is another word for per diem?

In this page you can discover 9 synonyms, antonyms, idiomatic expressions, and related words for per diem, like: daily expense allowance, by the day, , costs, daily expense(s), routine expense(s), outlay, expense and daily.

What is the synonym of subsidy?

aid, assistance, block grant, grant-in-aid, set-aside.

Is stipend paid monthly?

A stipend is given as a fixed sum monthly. In some places, it is known as allowance. It is different from salaries that are offered for employment – it is more of a compensation for training. Interns instead of getting paid for their services are given stipend as a financial support.

Is a stipend a bonus?

Stipend allowances are fixed, occurring at regular intervals

Unlike bonuses and salary increases, which are usually determined by performance and cost-of-living increases, stipends are awarded to employees at regular intervals, such as monthly.

Do I have to pay taxes on a stipend?

Are Stipends Taxable? Stipend checks aren’t considered wages so you won’t pay Social Security or Medicare taxes on them. But they still count as taxable income when it comes to your income taxes. Here’s the catch: your employer won’t withhold any income taxes from that stipend check.

How do you get a stipend?

Normally, to receive a stipend, the job must focus on training and learning, and the training must primarily benefit the recipient rather than the employer.

What are stipend benefits?

Stipends can be used to cover the costs of commuting, meals, home office costs, insurance, wellness, living expenses, travel, cellphone or internet services and training and professional development, according to Hoppier, a stipend management platform.

How do you ask for a stipend?

So send him an email and just be straightforward: “I’m really interested in the job and would love to work with you, but my ability to accept it would depend on being able to receive the stipend.” Straightforward, direct, done.

Can stipend be paid in cash?

The stipend under this regulation shall be paid by the principal to the articled assistant either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled assistant; or (b) by depositing the amount every month in an account opened by the articled assistant in his own …

How much is a typical stipend?

The exact amount a person receives as a stipend will vary greatly depending on what they are receiving the stipend for and expenses incurred related to the duties the person performs. For example, an intern may receive a monthly stipend of $700, while a doctoral student may receive an annual stipend of $25,000.

Is stipend monthly or yearly?

monthly
A stipend is given as a fixed sum monthly. In some places, it is known as allowance. It is different from salaries that are offered for employment – it is more of a compensation for training. Interns instead of getting paid for their services are given stipend as a financial support.

What is a professional development stipend?

Often referred to as a learning stipend or an education stipend, a professional development stipend is an allowance provided by a company for employees to spend on learning opportunities relevant to them and their career. Thousands of companies offer professional development stipends to up-skill employees.

How often are stipends paid?

How often a stipend is paid is determined by the organization. Most companies have their employer pay out stipends for their workers weekly, biweekly, monthly or even annually. Some stipends might be for one day’s worth of tasks, while others might be for the whole year’s worth of tasks.

How do I report stipend income?

Stipends reported to you on a stipend letter are treated for tax purposes as taxable scholarships. Per IRS Publication 970, taxable scholarships and fellowships should be reported on the tax return as follows: Form 1040 – Line 1; also enter “SCH” and the taxable amount in the space to the left of line 1.

What is a good stipend for internship?

STIPEND (ATP): For FRESHERS candidates INR 16667 for EXPERIENCED candidates INR 25000 for the rest of India, 28,500 for Bangalore (stipend) fixed pay for the entire training program (6 weeks) + INR…

Is receiving a stipend considered employment?

Whether remuneration is called a “fee” or a “stipend” rather than a salary doesn’t necessarily matter. They’re still considered employment. This means that stipends are subject to employment taxes and should be reported on W-2 forms.

How do you write a stipend letter?

I, therefore, request you to sanction a suitable stipend for me to permit me to continue my studies without worries. I assure you excellent results in the remaining school and board examinations. For this act of kindness I shall remain ever obliged. Thanking you.