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- Gross-up_clause abstract "A gross-up clause is a provision in a contract which provides that all payments must be made in the full amount, free of any deductions or withholdings, and without exercising any right of set-off. The provision will usually indicate that if there is a mandatory withholding or deduction by operation of law (usually with respect to tax), then the paying party shall \"gross up\" the payment so that the receiving party receives the same net amount.A gross-up clause is also used when a payment that is made will be subject to taxes, and the payer makes an additional payment to indemnify the recipient against the taxes, and that payment will also be subject to tax. The sequence of additional payment, tax calculation, additional payment continues until the recipient receives the same amount, net of all the taxes, as would have been received had there been no taxes. The formula for calculating the total amount of a grossed-up payment is (the amount of the payment) divided by (1 minus the tax rate). Thus, a $10,000 payment to a recipient who has a 35% tax rate would be ($10,000) / (1–35%) = (10,000/.65) = $15,384.62.".
- Gross-up_clause wikiPageExternalLink calculate-federal-state-taxes-grossup-purposes-23708.html.
- Gross-up_clause wikiPageExternalLink b4024060.htm.
- Gross-up_clause wikiPageID "6496479".
- Gross-up_clause wikiPageLength "2231".
- Gross-up_clause wikiPageOutDegree "5".
- Gross-up_clause wikiPageRevisionID "686127737".
- Gross-up_clause wikiPageWikiLink Category:Business_terms.
- Gross-up_clause wikiPageWikiLink Category:Contract_clauses.
- Gross-up_clause wikiPageWikiLink Category:Finance.
- Gross-up_clause wikiPageWikiLink Set-off_(law).
- Gross-up_clause wikiPageWikiLink Withholding_tax.
- Gross-up_clause wikiPageWikiLinkText "Gross-up clause".
- Gross-up_clause wikiPageUsesTemplate Template:Use_dmy_dates.
- Gross-up_clause subject Category:Business_terms.
- Gross-up_clause subject Category:Contract_clauses.
- Gross-up_clause subject Category:Finance.
- Gross-up_clause hypernym Provision.
- Gross-up_clause type Term.
- Gross-up_clause comment "A gross-up clause is a provision in a contract which provides that all payments must be made in the full amount, free of any deductions or withholdings, and without exercising any right of set-off.".
- Gross-up_clause label "Gross-up clause".
- Gross-up_clause sameAs Q5610528.
- Gross-up_clause sameAs m.0g7mwv.
- Gross-up_clause sameAs Q5610528.
- Gross-up_clause wasDerivedFrom Gross-up_clause?oldid=686127737.
- Gross-up_clause isPrimaryTopicOf Gross-up_clause.