term deficit threshold income what is
Meaning of income threshold deficit. What is it: of a non-recurring payment that is liable to.

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Definition income threshold deficit

INCOME THRESHOLD DEFICIT title: income threshold deficit (PY-DE) (SAP Library - Glossary)
INCOME THRESHOLD DEFICIT category: Germany (PY-DE)
INCOME THRESHOLD DEFICIT explained:

The income threshold deficit is used to calculate the part of a non-recurring payment that is liable to contributions.

The income threshold deficit is determined by deducting remuneration for which contributions have already been paid from the prorated social insurance income threshold (for the current calendar year up to the point that the non-recurring payment is assigned).

The income threshold deficit is usually recalculated each month by the difference between the monthly income threshold and current remuneration increasing the income threshold deficit of the current year.

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