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Pinau finishes last in heats

first_imgRunning in round 1 of heat 6, the 23 year old ran in a time of 22.14s. His personal best in the men’s 200m is 20.97s.Nickel Ashmeade from Jamaica finished first in heat 6 with a time of 20.15s while Adam Gemili from Great Britain came in second clocking in 20.20s.Both have advanced into the semi-finals in the men’s 200m.Photo Credit: Jason Pinilast_img

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What is a Stipend: Everything You Need to Know

first_img Post navigation Has an organization or university offered you an opportunity with a stipend? Whether it’s an internship or apprenticeship, a stipend is a set amount of money that helps offset living expenses. This fixed amount is financial support provided while you’re engaged in a service or contributing to a project. It may be paid in a lump sum or in smaller increments.Understanding what a stipend is and what taxes you might owe will help you plan better for the exciting opportunity ahead.What is a Stipend?A stipend is a fixed amount that’s paid to an individual to offset expenses. Common recipients include interns, graduate assistants, fellows, clergy, apprentices, and public servants—typically those who are not eligible to be paid a regular salary. Different than a salary, a stipend isn’t compensation for a certain amount of hours or tasks, but to recognize a service performed. The amount is generally lower than a salary, but the recipient is often able to gain substantial experience. Other benefits might also be provided, such as room and board or a tuition waiver.Companies, schools, and organizations provide a stipend as a way to include a valuable person in their initiatives. For example, a company might not have the funds to pay an intern an hourly rate, so they offer a stipend. As another example, a researcher at an academic institution might be offered a stipend in exchange for their help on a project.Smaller stipends are sometimes offered to defray specific costs, like buying a computer. As an example, a monthly $75 gym stipend allows the individual to pay for a membership of their choosing.Do I Have to Pay Taxes on a Stipend?It’s likely you’ll have to pay some taxes on a stipend. The amount put towards qualifying educational expenses aren’t taxable and don’t need to be reported to the IRS, but the remaining amount does. For example, if $1,000 of a stipend goes toward tuition and books, and $2,000 goes toward room and board, only $2,000 is taxable.Because stipends are awards and not wages for services, Social Security and Medicare taxes are not withheld. Stipends are still considered taxable income, though. It’s important to note that recipients of a stipend are not self-employed so you don’t need to pay self-employment taxes.Employers aren’t required to withhold taxes on a stipend, so you should maintain records of what you receive throughout the year. Having records of your stipends will make filling out your taxes easier.Stipends paid to non-resident aliens with a visa, such as an F-1, J-1, M-1, or Q-1 visa, are subject to U.S. income tax unless you qualify for a tax treaty relief.How to Report a Stipend on Your Tax ReturnWhether you use tax software, physical forms, or a tax preparer, ensure your stipend gets recorded. Your stipend may also be referred to as a taxable scholarship, non-qualified scholarship, non-qualified fellowship, taxable fellowship, taxable grant scholarship, or another similar phrase.Per IRS publication 970, report your stipends on:Form 1040EZ – Line 1; also enter “SCH” and the taxable amount to the left of line 1Form 1040A and Form 1010 – Line 7; also enter “SCH” and the taxable amount to the left of line 7If you’re a non-resident alien, stipends reported on a Form 1042-S with income code 16 in box 1 are taxable. The gross income from box 1 must be reported on Form 1040-NR line 12, and federal tax withheld from box 7 should be reported on line 62d.Your stipend should not substitute a W-2 or 1099 income. Those income types are taxed differently than stipends and could cost you more. If you’re unsure how to report your stipend, seek help through your tax software or consult a professional tax preparer.Difference Between a Salary and a StipendThe terms salary and stipend are often used interchangeably, though there are some key differences. Before accepting or negotiating a stipend, here’s what to know.SalariesCompensation that’s paid to an employeePayment for services or hours workedMust follow minimum wage lawsPaid to employees, typically weekly or bi-weeklyMay increase over time based on performance or fair market value increasesTaxedStipendsFixed amount paid to trainees, public servants or clergyNot dependent on services renderedNot subject to minimum wage requirementsPaid to interns, fellow apprentices, clergyFixed rate for a specific duration of time (i.e. one year or one semester)Sometimes taxesWhether you’re offered a salary or a stipend, keep in mind the position’s other benefits. For example, an apprenticeship might give you the opportunity to train under an expert in your trade. A graduate assistant job might provide you with some tuition coverage. Based on your years of experience and career goals, a position with a stipend might be a great opportunity. Can You Negotiate a Stipend?You can negotiate a stipend. Depending on the situation, the organization may or may not offer you an increase.When you negotiate a salary or stipend, it’s helpful to bring numbers to the table. It lets the other party know you’ve done your research and you have a concrete reason for asking for more. First, you can look at similar positions and review what their stipends are. If other positions are offering more, consider asking for that amount. Second, you should estimate living expenses to decide if the stipend is enough. For example, if Jessie is offered a $10,000 stipend for a yearlong assignment, she needs to know much housing, groceries, transportation, and other basic expenses will cost in the area she’s living. If living expenses will cost her $13,000, her stipend won’t cover everything, and she can explain that in her negotiation.When asking for a larger stipend, be sure to show appreciation for the opportunity. Explain what you’ve found through your research and state the amount you’ll need to accept the opportunity. In some cases, the organization might be able to offer an increase, but not always. They might not be able to raise the stipend due to their budget or a certain grant that you’ll be working under. If the stipend amount can’t be raised, consider asking for other benefits like room and board or tuition credit. You can also look into taking out a loan or working a second job. Overall, you want to find an arrangement that works for you and the organization. Before making a final decision, consider all the pros and cons of the offer. Reach out to someone in your field to help you make a decision.As you plan for life with a stipend, budget for your living expenses and consider the taxes that you’ll owe at the end of the year. Career opportunities with a stipend are often exciting times to learn, grow and advance your career. SourcesColumbia University | Intuit Turbo | Intuit Turbo | Investopedia | IRS | Lexico | Oak Ridge Institute for Science and Education | The George Washington University | Washington University in St. LouisShare this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) RelatedDigital Nomads, This Is What You Need To Know About Relocation ProgramsJune 19, 2019In “Travel Tips”How To Determine What Child Care Choice Is Right For YouMay 21, 2019In “Family Finances”Discretionary Income and Student Loans: What Does It Mean?August 19, 2019In “Financial Goals” last_img read more

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Inslee rejects Vancouver Energy oil terminal

first_imgFossil fuel opponents rallied through a rainy afternoon on the porch of the Slocum House in Esther Short Park on Monday, celebrating Gov. Jay Inslee’s decision to reject Vancouver Energy’s proposal to build the nation’s largest crude-by-rail oil terminal at the Port of Vancouver.“The rain’s not going to stop us, but we are going to stop an oil terminal,” Vancouver City Councilor Bart Hansen told a small but enthusiastic audience. “Thank you for doing what you do. This proves nothing is bigger than the people who want to be a part of it — in this case, it’s the people who want to stop it.”The rally was set up just hours after Inslee sent a letter to the Washington Energy Facility Site Evaluation Council containing his decision to reject the proposed terminal. “We did our due diligence in reviewing the facility and the (EFSEC) record. We found it extremely thorough,” Inslee told The Columbian. “It examined in detail and great depth the issues we faced. … (This decision) is not one that required original research.”In his letter to EFSEC explaining his decision, Inslee described the application as “unprecedented both in its scale and the scope of issues it raised.” He said that he was persuaded by the panel’s reasoning and agreed with its recommendation to deny the project.last_img read more

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