a fellowship paid to you in two installments, half at the beginning of each term
a fixed amount of money to help you pay for your studies or internship
a fortnightly living allowance, which, unlike a salary earned through an employer, may be exempt from income tax
The salary of a University officer.
is an amount paid to officers that should be reported, on IRS Form 1099–MISC, miscellaneous income, to the IRS. However, the IRS has lately been closely examining such payments and has been disqualifying many of them. The issue is that taxes, including Social Security and Medicare taxes, are not being withheld from those amounts. The individual who received this amount could be assessed self-employment taxes of 15.9%, a costly experience. The rule that should be followed to avoid such penalties is that if these payments are meant to reimburse the officers for expenses then, receipts are required to be presented to substantiate these expenses. If these payments are meant for the reimbursement of officers for time spent working for the union, payments for time or effort are considered salary and should be treated as wages appropriately. Executive board allowances are considered director's fees and only taxable to the recipient as miscellaneous income.
Money paid to the foster parent(s) as a reimbursement for expenses incurred while caring for the foster child/children
A fixed regular sum paid as a salary.
is an allowance for living expenses. Examples of these expenses include, but are not limited to, rent, utilities, incidentals, etc.
A fixed amount of money paid periodically for services rendered or to defray expenses.
Fixed or regular pay; salary often awarded to the student with a fellowship, scholarship, or grant.
Payment to a person, similar to a per diem, usually as part of a training or fellowship program. A stipend is enough money for the individual to live on, but smaller than a salary.
equivalent to salary, paid to a minister
A payment made to an individual under a fellowship or training grant in accordance with pre-established levels to provide for the individual's living expenses during the period of training.
A small amount of money offered to participants in AmeriCorps*VISTA and Foster Grandparent programs in exchange for service.
a scholarship or award that pays a living allowance.
The fixed monthly salary received by a priest.
An amount paid to a fellow or trainee to cover living expenses during the training period. The amount is usually preset. Stipend is not to be confused with direct salary to an employee.
A stipend is a form of payment or salary, such as for an internship or apprenticeship. Stipends are usually lower than what would be expected as a permanent salary for similar work. This is because the stipend is complemented by other benefits such as accreditation, instruction, work experience, food, accommodation, and personal satisfaction.