Merit pay. Merit pay is a term that describes performance-related pay, most frequently in the context of educational reform or government civil service reform (government jobs). It provides bonuses for workers who perform their jobs effectively, according to easily measurable criteria.
Coinsurance is the percentage of your medical bill you share with your insurance company after youâve paid your deductible. Unless you have a policy with 100 percent coverage for everything, you have to pay a coinsurance amount. You have an â80/20â plan.
While the IRS has very specific instructions for deductible travel expenses, keep the receipts or bills for your travel expenses should you be able to deduct all or part of a trip. Most of the time a receipt is sufficient, but sometimes itâs also worth it to keep the bill. Say, for example, you deduct a portion of your mortgage as a home office deduction. Since only a portion of your mortgage is deductible, youâll want to show how much really went to costs associated with your home office.