sick pay

sick pay definition - business

sick pay

Payments by an employer to an employee who is unable to work because of illness. Most states do not require employers to offer a sick-leave benefit, although many employers do so voluntarily. Sick pay is considered taxable income to the employee.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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