In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401(k) plans attractive to employees, and many employers offer this option to their (full-time) workers. 401(k) payable is a general ledger account that contains the amount of 401(k) plan pension payments that an employer has an obligation to remit to a pension plan administrator. This account is classified as a payroll liability, since the amount owed should be paid within one year.
The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986.
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, or simply a nonprofit, is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be nonprofit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without having tax-exempt status.
A tithe is a one-tenth part of something, paid as a contribution to a religious organization or compulsory tax to government. Modern tithes are normally voluntary and paid in cash, cheques or via online giving, whereas historically tithes were required and paid in kind, such as agricultural produce. After the separation of church and state, church tax linked to the tax system are instead used in many countries to support their national church. Donations to the church beyond what is owed in the tithe, or by those attending a congregation who are not members or adherents, are known as offerings, and often are designated for specific purposes such as a building program, debt retirement, or mission work.
Herbert W. Armstrong was an American evangelist who founded the Worldwide Church of God (WCG). An early pioneer of radio and television evangelism, Armstrong preached what he claimed was the comprehensive combination of doctrines in the entire Bible, in the light of the New Covenant scriptures, which he maintained to be the restored true Gospel. These doctrines and teachings have been referred to as Armstrongism by non-adherents.
Grace Communion International (GCI), formerly named the Radio Church of God and the Worldwide Church of God (WCG), is a Christian denomination based in Charlotte, North Carolina, USA.
The Living Church of God (LCG) is one of several groups that formed after the death of Herbert W. Armstrong, when major doctrinal changes were occurring in the former Worldwide Church of God (WCG) during the 1990s. It was after its founder, the late Roderick C. Meredith, was fired by board members of the Global Church of God (GCG), that he went on to found, for a second time, a new organization in 1998. It is just one of many and varied Sabbatarian Churches of God groups that have sprung up from the former Worldwide Church of God, known today as Grace Communion International (GCI). The US membership of the LCG is claimed to be around 11,300 with about 5,000 of that total number being claimed international members. From the LCG organization, several additional split-off groups have resulted over the years, each one headed by a former LCG minister.
Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170(c) of the Internal Revenue Code as contributions to or for the use of certain nonprofit enterprises.
Armstrongism refers to the teachings and doctrines of Herbert W. Armstrong while leader of the Worldwide Church of God (WCG). His teachings are professed by him and his followers to be the restored true Gospel of the Bible. Armstrong said they were revealed to him by God during his study of the Bible. The term Armstrongite is sometimes used to refer to those that follow Armstrong's teachings. Armstrongism and Armstrongite are generally considered derogatory by those to whom it is applied, who prefer to be known as members of the Church of God (COG). These doctrines were also espoused by his sons Richard David Armstrong and Garner Ted Armstrong with slight variations.
The Plain Truth was a free-of-charge monthly magazine, first published in 1934 by Herbert W. Armstrong, founder of The Radio Church of God, which he later named The Worldwide Church of God (WCG). The magazine, subtitled as The Plain Truth: a magazine of understanding, gradually developed into an international, free-of-charge news magazine, sponsored by the WCG church membership. The magazine's messages often centered on the pseudo-scientific doctrine of British Israelism, the belief that the early inhabitants of the British Isles, and hence their descendants, were actually descendants of the Ten Lost Tribes of Israel.
The Church of God, International (CGI) is a nontrinitarian Christian denomination based in the United States, an offshoot of the Worldwide Church of God (WCG) founded by Herbert W. Armstrong. It is one of many Sabbatarian Churches of God to separate from WCG.
Joseph W. Tkach was the appointed successor of Herbert W. Armstrong, founder of the Worldwide Church of God. Tkach became president and pastor general of the church upon the death of Armstrong in 1986. Tkach spearheaded a major doctrinal transformation of the Worldwide Church of God, abandoning Armstrong's unconventional doctrines and bringing the church into accord with orthodox evangelical Christianity. His son, Joseph Tkach Jr., continued his work and in 1997 the Worldwide Church of God became a member of the National Association of Evangelicals.
The offertory is the part of a Eucharistic service when the bread and wine for use in the service are ceremonially placed on the altar.
A church tax is a tax collected by the state from members of some religious denominations to provide financial support of churches, such as the salaries of its clergy and to pay the operating cost of the church. Not all countries have such a tax. In some countries that do, people who are not members of a religious community are exempt from the tax; in others it is always levied, with the payer often entitled to choose who receives it, typically the state or an activity of social interest.
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US.
The Philadelphia Church of God (PCG) is a sectarian splinter group from an American evangelical New Religious organization called Grace Communion International, formerly Worldwide Church of God (WCG). The PCG was founded by ex-WCG members Gerald R. Flurry and John Amos in 1989. The PCG was named for the church of Philadelphia, one of the "seven churches" in the Book of Revelation, and claims itself as "the true church". Its headquarters is in the city of Edmond, Oklahoma.
The Restored Church of God (RCG) is one of many churches which were formed in response to major doctrinal changes which were made within the Worldwide Church of God (WCG) in 1995. The RCG claims to retain the tenets, style, and structure which existed in the earlier WCG before church leader Herbert W. Armstrong's death in 1986.
Taxation in Italy is levied by the central and regional governments and is collected by the Italian Agency of Revenue. Total tax revenue in 2018 was 42.4% of GDP. The main earnings are income tax, social security, corporate tax and value added tax. All of these are collected at national level, but some differ across regions. Personal income taxation in Italy is progressive.
Tithing is a commandment accepted by various churches in the Latter Day Saint movement. In practicing tithing, adherents make willing tithe donations, usually ten percent of their income, to their church. It is based on both the biblical practice of paying tithes and modern revelation given to Joseph Smith and his accepted successors. For many of these churches, the law of tithing replaced or supplemented the law of consecration. The Church of Jesus Christ of Latter-day Saints emphasized tithing in the 1900s and 1960s to assist in paying church debts.
Franz Jochen Philipp Schoeller was a German diplomat and ambassador.
