|
Sliding Scale Fees
Sliding scale fees are variable prices for products, services, or taxes based on a customer's ability to pay. Such fees are thereby reduced for those who have lower incomes, or alternatively, less money to spare after their personal expenses, regardless of income. Sliding scale fees are a form of price discrimination or differential pricing. A business or organization may have various motivations for pricing a product or service on a sliding scale. These may include the desire to be charitable to those less able to afford the product or service, their ability to get a tax deduction for offering their services as charity, their ability to benefit from the revenue even from a partial payment, their retention of a longtime customer/client, or referrals that such a customer/client may provide. For example, healthcare providers sometimes offer a sliding scale of fees to patients. Some child-adoption agencies collect legal fees (normally very expensive) on a sliding scale, so that coup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price
A price is the (usually not negative) quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, especially when the product is a service rather than a physical good, the price for the service may be called something else such as "rent" or "tuition". Prices are influenced by production costs, supply of the desired product, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions. Price can be quoted in currency, quantities of goods or vouchers. * In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.) * Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Discrimination
Price discrimination (differential pricing, equity pricing, preferential pricing, dual pricing, tiered pricing, and surveillance pricing) is a Microeconomics, microeconomic Pricing strategies, pricing strategy where identical or largely similar goods or services are sold at different Price, prices by the same provider to different buyers based on which Market segmentation, market segment they are perceived to be part of. Price discrimination is distinguished from product differentiation by the difference in production cost for the differently priced products involved in the latter strategy. Price discrimination essentially relies on the variation in customers' willingness to pay and in the Demand elasticity, elasticity of their demand. For price discrimination to succeed, a seller must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. Some prices under price discrimination may be lower than the price charged by a single-price monopoli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Deduction
A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax. Above and below the line Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year 2018 in the U.S., for example, was $12,000 for a single taxpayer and $24,000 for married couple. Limitations Often, deductions are subject to conditions, such as being allowed only for expenses incurred that produce current benefits. Capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charity (practice)
Charity is the Volunteering, voluntary provision of assistance to those in need. It serves as a Humanitarianism, humanitarian act, and is unmotivated by self-interest. Various Philosophy, philosophies about charity exist, with frequent associations with religion. Etymology The word ''charity'' originated in late Old English to mean a "Christianity, Christian love for one's fellows", and until at least the beginning of the 20th century, this meaning remained synonymous with charity. Apart from this original meaning, ''charity'' is etymologically linked to Christianity, with the word originally entering the English language through the Old French word , which derived from the Latin , a word commonly used in the Vulgate New Testament to translate the Greek word (), a distinct form of Love (religious views)#Christian, love. Over time, the meaning of ''charity'' has evolved from "Christian love" to "providing for those in need; generosity and giving" (cf. ''offertory''), a transiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lawyer
A lawyer is a person who is qualified to offer advice about the law, draft legal documents, or represent individuals in legal matters. The exact nature of a lawyer's work varies depending on the legal jurisdiction and the legal system, as well as the lawyer's area of practice. In many jurisdictions, the legal profession is divided into various branches — including barristers, solicitors, conveyancers, notaries, canon lawyer — who perform different tasks related to the law. Historically, the role of lawyers can be traced back to ancient civilizations such as Greece and Rome. In modern times, the practice of law includes activities such as representing clients in criminal or civil court, advising on business transactions, protecting intellectual property, and ensuring compliance with laws and regulations. Depending on the country, the education required to become a lawyer can range from completing an undergraduate law degree to undergoing postgraduate education and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Worship
Worship is an act of religious devotion usually directed towards a deity or God. For many, worship is not about an emotion, it is more about a recognition of a God. An act of worship may be performed individually, in an informal or formal group, or by a designated leader. Such acts may involve honoring. Etymology The word is derived from the Old English , meaning ''to venerate "worship, honour shown to an object or deity'',Bosworth and Toller, Anglo-Saxon Dictionary,weorþscipe which has been etymologised as "''worthiness'' or ''worth-ship"''—to give, at its simplest, worth to something. Worship in various religions Buddhism Worship in Buddhism may take innumerable forms given the doctrine of skillful means. Worship is evident in Buddhism in such forms as: guru yoga, mandala, thanka, yantra yoga, the discipline of the fighting monks of Shaolin, panchamrita, mantra recitation, tea ceremony, ganacakra, amongst others. Buddhist Devotion is an important part of the pra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuition Payments
Tuition payments, usually known as tuition in American English and as tuition fees in Commonwealth English, are fees charged by education institutions for instruction or other services. Besides public spending (by governments and other public bodies), private spending via tuition payments are the largest revenue sources for education institutions in some countries. In most developed countries, especially countries in Scandinavia and Continental Europe, there are no or only nominal tuition fees for all forms of education, including university and other higher education.Garritzmann, Julian L., 2016. ''The Political Economy of Higher Education Finance. The Politics of Tuition Fees and Subsidies in OECD countries, 1945-2015''. Basingstoke: Palgrave Macmillan. Payment methods Some of the methods used to pay for tuition include: * Scholarship * Bursary * Company sponsorship or funding * Grant * Government student loan * Educational 7 (private) * Family (parental) money * Savings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pay What You Want
Pay what you want (or PWYW, also referred to as value-for-value model) is a pricing strategy where buyers pay their desired amount for a given commodity. This amount can sometimes include zero. A minimum (floor) price may be set, and/or a suggested price may be indicated as guidance for the buyer. The buyer can select an amount higher or lower than the standard price for the commodity.''Smart Pricing'', Chapter 1. "Pay As You Wish" Pricing, Raju and Zhang, Wharton School Publishing, 2010. . Many common PWYW models set the price prior to a purchase (''ex ante''), but some defer price-setting until after the experience of consumption (''ex post'') (similar to tipping). PWYW is a buyer-centered form of participative pricing, also referred to as co-pricing (as an aspect of the co-creation of value). Motivation PWYW models can be sometimes successful as they eliminate many disadvantages of conventional pricing. These models can eliminate fear of whether a product is worth a given se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Discrimination
Price discrimination (differential pricing, equity pricing, preferential pricing, dual pricing, tiered pricing, and surveillance pricing) is a Microeconomics, microeconomic Pricing strategies, pricing strategy where identical or largely similar goods or services are sold at different Price, prices by the same provider to different buyers based on which Market segmentation, market segment they are perceived to be part of. Price discrimination is distinguished from product differentiation by the difference in production cost for the differently priced products involved in the latter strategy. Price discrimination essentially relies on the variation in customers' willingness to pay and in the Demand elasticity, elasticity of their demand. For price discrimination to succeed, a seller must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. Some prices under price discrimination may be lower than the price charged by a single-price monopoli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sliding Wage Scale
The sliding wage scale consists in increasing the wages as the prices rise in order to maintain the purchasing power of the workers even if there is inflation. Application In France The sliding wage scale was introduced in France in July 1952 under the president Vincent Auriol (SFIO) in the administration Antoine Pinay ( RI). It was removed in 1982 as Jacques Delors ( PS) was Finance minister, in the second administration of Pierre Mauroy ( PS). In Italy In Italy it was introduced in 1945, modified several times since and definitely removed in 1992. In the European Union Since 2013 salaries of employees of the institutions of the European Union are linked to the rate of inflation of Belgium and Luxembourg. "Commission staff get pay raise — against its own advice" See als ...
|
