Misplaced Pages

Checkoff

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Bookkeeping mechanism Not to be confused with Chekov (disambiguation).

A checkoff or check-off is a bookkeeping mechanism that provides for regular payment of an obligation such as union dues. The same term is used to refer to a tax on sales of agricultural goods that finance a generic commodity marketing program; one example is the commodity checkoff programs mandated by the United States Department of Agriculture to promote sales of milk, beef, soybeans, or sorghum. Some US states offer income tax checkoffs to contribute voluntarily to various state programs.

See also

References

  1. "automatic check-off". Cambridge Business English Dictionary. Cambridge University Press. n.d. Retrieved 29 February 2020.
  2. "Check-off Programs See Strong Growth". Federation of Tax Administrators. 2003.


Stub icon

This accounting-related article is a stub. You can help Misplaced Pages by expanding it.

Categories: