benefit

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benefit

an allowance paid by the government as for sickness, unemployment, etc., to which a person is entitled under social security or the national insurance scheme
References in periodicals archive ?
The disqualified person who benefited from the transaction is liable for the tax.
The taxpayer nevertheless argued, citing Moser(49) and Schneider,(50) that its contribution was currently deductible because the employees, not the company, had benefited from the VEBA, and that any future benefit to the company, had merely incidental.
14) which held that a taxpayers pension and profit-sharing plans did not meet the exclusive benefit rule because they benefited workers who were not common-law employees.