Employee Recognition and Reward: Difference between revisions

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University of Nebraska - Central Administration administered and funded programs include the following: Outstanding Research and Creativity Award (ORCA), Outstanding Teaching and Instructional Creativity Award (OTICA), University-wide Departmental Teaching Award (UDTA), and Engagement Award (IDEA).
University of Nebraska - Central Administration administered and funded programs include the following: Outstanding Research and Creativity Award (ORCA), Outstanding Teaching and Instructional Creativity Award (OTICA), University-wide Departmental Teaching Award (UDTA), and Engagement Award (IDEA).
'''5.3''' The fair market value of personal property gifts over $50.00 to UNMC employees will be added to taxable wages. Income and social security taxes will be withheld in accordance with the Internal Revenue Service. Gifts that will be excluded from taxation include: 1) personal property gifts for length of service achievement, other special service achievement, or retirement; 2) personal property or gift certificates that may only be used for personal property, when the value is of a De Minimus (small) amount, such as holiday gifts of hams, turkeys, candy or a gift certificate only redeemable for specific products or services of $50 or less.


'''5.3''' The fair market value of personal property gifts over $50.00 to UNMC employees will be added to taxable wages. Income and social security taxes will be withheld in accordance with the Internal Revenue Service. Gifts that will be excluded from taxation include: 1) personal property gifts for length of service achievement, other special service achievement, or retirement; 2) personal property or gift certificates that may only be used for personal property, when the value is of a De Minimus (small) amount, such as holiday gifts of hams, turkeys, candy or a gift certificate only redeemable for specific products or services of $50 or less.
'''5.3''' The fair market value of personal property gifts over $50.00 to UNMC employees will be added to taxable wages. Income and social security taxes will be withheld in accordance with the Internal Revenue Service. Gifts that will be excluded from taxation include: 1) personal property gifts for length of service achievement, other special service achievement, or retirement; 2) personal property or gift certificates that may only be used for personal property, when the value is of a De Minimus (small) amount, such as holiday gifts of hams, turkeys, candy or a gift certificate only redeemable for specific products or services of $50 or less.

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