underpayment


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un·der·pay

 (ŭn′dər-pā′)
tr.v. un·der·paid (-pād′), un·der·pay·ing, un·der·pays
To pay insufficiently or less than is deserved.

un′der·pay′ment n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.underpayment - a payment smaller than needed or expectedunderpayment - a payment smaller than needed or expected
payment - a sum of money paid or a claim discharged
2.underpayment - the act of paying less than requiredunderpayment - the act of paying less than required
defrayal, defrayment, payment - the act of paying money
References in periodicals archive ?
For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
M2 EQUITYBITES-November 3, 2017-Revint Solutions Acquires Health Check to Expand Underpayment Recovery Capabilities
Partnerships that have an imputed underpayment arising from such audits have the option to pay assessment at the partnership level or push the assessment out their partners for payment.
The beneficiary was paid about P5,000 a month only, a great underpayment.
The proposed rules explain that the imputed underpayment is calculated by multiplying the total netted partnership adjustment by the highest rate of federal income tax in effect for the reviewed year under Sec.
The Budget Act dispensed with the partnership-item criterion in favor of determining any adjustment to items of income, gain, loss, deduction, or credit of all partnerships at the partnership level, with the partnership, rather than partners, generally liable for any resulting imputed underpayment.
If the amount paid is equal to or greater than one day's gross base pay the Underpayment will be rectified within three working days; If the amount is less than one day's gross base pay it will be rectified by no later than the next normal pay However if the employee can demonstrate that rectification in this manner would result in undue hardship every effort will be made by the employer to rectify the underpayment within three working days.
According to reports, staff at HMRC claimed that they had been told not to pursue the majority of the underpayment cases because they were more than two years old, meaning they are open to legal challenge from taxpayers.
1, 2009, California requires individual taxpayers with California AGI equal to or greater than $1 million ($500,000 for married/RDP filing separately] to pay 90 percent of the current year tax or be subject to the underpayment of estimated tax penalty (see notice FTB 5805).
Penalty is 75 percent of the underpayment attributable to fraud.
An active district health board (DHB) delegate in the Greater Wellington Region recently identified a long-term underpayment of wages.
People receiving incorrectly stamped Christmas cards could be charged the underpayment plus a pounds 1 administration fee, a watchdog warned yesterday.