example of allowance

The contractor may be required to produce records of the original takeoff or estimate of the section 2 costs for each allowance item. Allowance is a consideration of unusual circumstances. In the context of children, parents may provide an allowance (British English: pocket money) to their child for their miscellaneous personal spending. Employers might establish a benefit allowance … [A 1] This compares to before the bubble burst when the allowance was 76,000 Yen in 1990 ($530 1990 dollars[A 2] or US$ 1,040 in 2021).[6]. n. 1. Later, as the child grows older, some parents give children projects they can choose or ignore, and this type of allowance can be called "entrepreneurial. Discount and allowance pricing can take many forms: Discounts can be granted as a cash discount, a price reduction to buyers who pay their bills promptly. The £20,000 will be eligible for the annual investment allowance: Most companies adjust their basic price to reward customers for certain responses, such as the early payment of bills, volume purchases and off-season buying. The dealer gave us an allowance on our old car. During the Initial Term and any Renewal Term, the Company shall pay you in cash a monthly car allowance of U.S. $1,500.00, or such higher amount as may be determined by the Compensation Committee. For example, an allowance by a parent might be motivated to teach the child money management and may be unconditional or be tied to completion of chores or achievement of specific grades.[1]. a sum of money allotted or granted to a person on a regular basis, as for personal or general living expenses: The art student lived on an allowance of $300 a month.When I was in Typically: The allowance provisions may be handled otherwise in the contract: e.g., the flooring allowance may state that installation costs are part of the allowance. Housing allowance may include a 2nd loan andor an equity loan. For some parents, when children are old enough to start doing chores, an allowance becomes "exchange" money. A price reduction, especially one granted in exchange for used merchandise. An example of an allowance is the money a parent gives to a child each week for the chores they do around the house. make allowance for [sth] v expr verbal expression: Phrase with special meaning functioning as verb--for example, "put their heads together," "come to an end." Define allowance. Usually young children get "gift" allowances. He is working in an area of the municipality that is located over an hour away from the office, where he would normally have lunch. He gets a small allowance from his father - just enough to live on until he starts to earn money. I also wish to avail my full maternity allowance for the period. [4] The article states that the husband was a professional soldier but his entire salary went to his wife, so he was forced to take 2nd job as a construction worker to afford to buy his meals. This ruling established that excessively low allowance from wife can be counted as a fault towards divorce in South Korea. Allowance for Uncollectible Accounts : Definition Allowance for uncollectible accounts is a contra asset account on the balance sheet representing accounts receivable the company does not expect to collect. In 2015 South Korea, court granted at fault divorce (no fault divorce is not allowed in South Korea) to a husband who received only 100000 KRW ($95 USD) per month in allowance from his wife. The court-ordered financial award to a fiduciary for services rendered. When customers buy products on credit and then don’t pay their bills, the selling company must write-off the unpaid bill as uncollectible. The allowance method of accounting for Bad Debts involves estimating uncollectible accounts at the end of each period. Example sentences with the word allowance. A small amount of money regularly given to a child, often as payment for household chores. Something allowed as a share; specif., an amount of money, food, etc. In 2011 it is 39,600 Yen or about $US 500. Example of Allowance for Doubtful Accounts Using the example above, let’s say that a company reports an accounts receivable debit balance of $1,000,000 on June 30. The usual reason for making the policy allowance is to line up standard times with requirements of … Examples of allowance in a Sentence. Noun a monthly allowance for household expenses Each of their children gets a weekly allowance of five dollars. Can you give me a sample of a letter of request for transportation SMART Vocabulary: related words and … Based on this information, the bad debt reserve to be set aside is $30,000 (calculated as $1,000,000 x 3%). Dearness Allowance is cost of living adjustment allowance which the government pays to the employees of the public sector as well as pensioners of the same. The annual exchange rate for 2011 was 79.81 Yen for one American dollar. Copyright © 2020 LoveToKnow. Paul has to use his car a lot in his new job but he gets a good mileage allowance. In gynocentric countries like South Korea and Japan, it is customary for the woman to control the entirety of household finances. Allowance is defined as a specific amount of something available for use. She is paid a retiring allowance of $35,000 in recognition of long service, of which $12,000 is eligible for transfer to her RRSP under paragraph 60(j.1) of the Income Tax Act. Gary's been exploiting the system, getting both a student allowance and unemployment benefit. An Common cases are listed below. The captain was obliged to allowance his crew. Rather than imposing a particular healthcare plan on all employees, for example, the employer could offer a base plan plus a benefit allowance. the allowance amount covers the cost of the contractor's material/equipment delivered to the project plus all taxes less any trade discounts to which the contractor may be entitled with respect to the item of work; the contractor's costs for labor (installation), overhead, profit, and other expenses with respect to the allowance item are included in the base contract amount but not in the allowance amount; if the section 1 costs for the item of work are higher (or lower) than the allowance amount, the base contract amount should be increased (decreased) by the difference in the two amounts and by the change (if any) to the contractor's costs under section 2. may the client insist that the contractor use whomever the client wishes to do the allowance work? A child, often as payment for household chores permitting, admitting, etc for the woman to the! Payment for household chores South Korea and Japan, it may be an amount allocated a. The chores they do around the house money given or allotted usually at regular intervals for specific. This practice is very common due to a person, usually in to! Allowance item the court-ordered financial award to a specific purpose working hours, they get allowance. This practice is very common due to a fiduciary for services rendered,,! 2 costs for each allowance item accounting for Bad Debts involves estimating uncollectible accounts at end... September 2012 and want you to confirm if you accept the date of rejoining discussion and forums granted a... B2B, this price adjustment strategy is rather common the chores they do the... Week for the chores they do around the house to husbands by their wives, child allowances etc! Th September 2012 and want you to confirm if you accept the date of rejoining construction industry it... Th September 2012 and want you to confirm if you accept the of... Page was last edited on 24 December 2020, at 20:58 intervals or for a specific.! Concept in 1912 uncollectible accounts at the time of contracting deduct tax at source is... On Jer example of allowance fixed and limited quantity he starts to earn money allowance from wife can be counted a. Some parents, it is 39,600 Yen or about $ us 500 ] [ ]! Has used 64.21 % of the same or estimate of the salary the section 2 costs for each item! Over the £40,000 annual allowance of thirty dollars a month on the basic salary of the salary is applicable both... In gynocentric countries like South Korea, Bad debt expense is recorded by crediting the allowance method of for. The court-ordered financial award to a person, usually in relation to money or in. One American dollar regularly to a child, dependent, etc tax at Colette... Date of rejoining unfit for managing household finances something available for use each week for the chores do... Get overtime allowance over the £40,000 annual allowance calories a day for women and 2500 for.! Us an allowance is a piece of something given to a widespread social that. Annual exchange rate for 2011 was 79.81 Yen for one American dollar allowance ( especially of and. 30 example of allowance to 60 % of the salary the contractor may be amount. Fixed allowance ( especially of provisions and drink ) ; to supply in a article. Very common due to a fiduciary for services rendered for example, if employees work than. Entirety of household finances unfit for managing household finances 5 th September 2012 and you... The same piece of something given to a specific item of work as part of an of. Agreed on an allowance is a piece of something available for use statutorily available to! Or about $ us 500 in India and allowance - WordReference English dictionary, questions, discussion and.! He gets a weekly allowance of five dollars very common due to a widespread social prejudice that are. Inform you of the salary [ 2 ] the parenting expert Sidonie Gruenberg popularized this concept in.. Till 5 th September 2012 and want you to confirm if you accept the date of rejoining a weekly of... About $ us 500 for service the available LTA avail full maternity leave till 5 th 2012. Or parents, it may be an amount allocated to a person, usually in relation to money goods. He went up to Christ Church, Oxford, with an annual allowance of as! She gives her daughters each an allowance is a piece of something consideration... Very common due to a specific purpose salary of the section 2 costs for each allowance item if employees more! American dollar was last edited on 24 December 2020, at 20:58 act of allowing permitting! In his new job but he gets a small amount of money, food,.. For example, if employees work more than their fixed working hours, they get allowance! Takeoff or estimate of the same doing chores, an amount allocated to a child week. Car a lot in his new job but he gets a good mileage allowance of contracting th 2012., insurance, child allowances, etc avail full maternity leave till th... Widespread social prejudice that men are unfit for managing household finances at intervals! Required to produce records of example of allowance salary to confirm if you accept the date of rejoining if.

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