What is a deferred compensation?
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Last modified 4/8/2024 7:43:35 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
The deferred compensation is a process in which a portion of an employee's income is withheld and paid to the employee at a later stage after the employee receives the actual income. This compensation is usually paid out through pensions, retirement plans, and employee stock options.