What Is The Difference Between Discretionary And Nondiscretionary?

What government spending is considered non discretionary?

The discretionary budget and taxes are the two main tools of discretionary fiscal policy.

The discretionary budget does not include Social Security, Medicare, or Medicaid..

What is discretionary income answers?

Discretionary income is money that is left over after paying your taxes and other living expenses (rent, mortgage, food, heat, electric, clothing, etc). Discretionary income is based and derived on your disposable income.

What does discretionary power mean?

Professor Harold Laski has defined discretionary power as that authority of the executive « whether in matters of sub- stance or of procedure or both, which it is free to exercise as it thinks fit ». *1 Legally, it is the power to exercise a discre- ‘ tion with which the courts cannot interfere.

What is discretionary and non discretionary?

Discretionary vs. Non Discretionary Accounts. A discretionary account is an account that gives an investment adviser the authority to make individual trades without the consent of their client. A non-discretionary account is an account where the client always decides whether or not to conduct a trade.

What is non discretionary overtime mean?

Payments for overtime worked are non-discretionary when the employer is contractually obliged to pay the employee at a set and defined rate for the overtime that they have worked.

What is the meaning of discretionary bonus?

A discretionary bonus is a form of variable pay; the amount, requirements, timing and announcement of the bonus should not be disclosed in advance, as this may appear to be a motivator or incentive implying that meeting certain levels would guarantee a bonus or reward.

What is discretionary income?

Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.

What is another word for discretionary?

In this page you can discover 14 synonyms, antonyms, idiomatic expressions, and related words for discretionary, like: optional, left to discretion, discretional, changeable, arbitrary, judgmental, personal, elective, facultative, opinion and surprise.

What is the difference between discretionary and nondiscretionary bonuses?

A discretionary payment will be made at the sole discretion of the employer. The amount, the requirements, and the timing are not disclosed in advance. … A non-discretionary bonus or incentive payment, on the other hand, is based on standards that have to be met in order to receive such payment.

What are non discretionary funds?

The funds that are allocated to an investment manager who must have approval from the investor for each transaction.

What does discretionary mean?

adjective. subject or left to one’s own discretion. for any use or purpose one chooses; not earmarked for a particular purpose: discretionary income; a discretionary fund.

How are non discretionary bonuses taxed?

Discretionary bonuses not tied to a payroll check are taxed at a flat 25%. If the bonus is added onto a payroll check, it will be taxed at the W-4 rate designated by the employee. The key is that the employer has not set up an expectation by employees that a bonus will be paid if certain standards or goals are met.

What is an example of a non discretionary expense?

Understanding Discretionary Expenses While non-discretionary expenses are considered mandatory—housing, taxes, debt, groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary.

What is a discretionary employee?

With a tight job market, companies are becoming more and more flexible and accommodating to the needs of employees by offering a range of attractive discretionary benefits. … Discretionary benefits are employment benefits that are not mandated by law.

What are non discretionary retirement contributions?

Nonelective contributions are funds employers choose to direct toward their eligible workers’ employer-sponsored retirement plans regardless if employees make their own contributions. These contributions come directly from the employer and are not deducted from employees’ salaries.

Are employers required to pay bonuses?

While an employer is not required to offer any bonuses, once an employer promises a bonus or has an existing bonus program, they may become obligated to pay employees who qualify for the bonus.

What is a discretionary day?

The Discretionary Day is an additional holiday with pay which may be authorized annually by the Governor to eligible university support staff, unclassified staff and fiscal year faculty for observance of a religious holiday, family event or other special occasion.

What are non discretionary items?

3. + New List. Non-Discretionary Items means all real estate taxes, insurance premiums and utilities relating to the Property.

What is discretionary overtime UK?

Discretionary overtime = its up to the discretion of the employer if they pay the staff for that overtime. A volunteer worker for example.

Does discretionary mean optional?

The difference between Discretionary and Optional When used as adjectives, discretionary means available at one’s discretion, whereas optional means not compulsory.