§ 191.0318 TAXABLE INCOME.

   TAXABLE INCOME. Wages, salaries and other compensation paid by an employer before any deduction. “Other compensation” includes but is not limited to:

   (a)   Bonuses;

   (b)   Commissions;

   (c)   Incentive payments;

   (d)   Directors fees;

   (e)   Property in lieu of cash;

   (f)   Tips, dismissal or severance pay;

   (g)   Supplemental income benefits for early retirement, regardless of label, such as sick leave, disability, vacation pay;

   (h)   Wage continuation plans;

   (i)   Supplemental unemployment benefits;

   (j)   Depreciation recapture;

   (k)   Gifts and gratuities in connection with employment;

   (l)   Fellowships, grants and stipends;

   (m)   Group term life insurance protection over $50,000 (taxed on the entire cost);

   (n)   Benefits resulting from an employer’s assumption of a tax;

   (o)   Stock options given as compensation;

   (p)   Income from gaming, wagering and lotteries, including the state lottery;

   (q)   Net profits from the operation of a business, profession or other enterprise or activity adjusted in accordance with the provisions of this chapter; and

   (r)   All other compensation earned, received or accrued.

(Ord. 93-92, passed 9-29-1992)