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 ?
The report advises that underpayment can be legitimate in a small number of cases.
The waiver of underpayment penalties in some circumstances could be especially helpful given the confusion early in 2018 surrounding the official withholding tables that the IRS provided to employers -- and could avoid what would likely be an uproar among unsuspecting taxpayers who could have suffered as a result.
The IRS is no longer required to collect from each partner/member his share of the underpayment of tax determined in a partnership audit.
TUC leader Frances O'Grady said: "Minimum wage underpayment is happening on an industrial scale."
Chairman of the Commons Work and Pensions Committee, and former minister, Frank Field, told the Press Association: "It's like a pinball machine, the payments system - you might get an overpayment, you might get an underpayment.
Taxpayers must pay their taxes throughout the year either through payroll withholding or by making quarterly estimated payments; otherwise, tax underpayment penalties are assessed.
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 new regime generally requires the additional tax on any partnership adjustments (the imputed underpayment) to be paid by the partnership but provides an election under Sec.
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.