Head of state. A head of state (or chief of state) is the public persona that officially represents the national unity and legitimacy of a sovereign state. Depending on the country's form of government and separation of powers, the head of state may be a purely ceremonial figurehead with limited or no executive power or concurrently the head of government.
According to CarsDirect, mileage reimbursement up to the federal mileage reimbursement rate is not taxable, but a standard car allowance is considered to be taxable income. If an employee is not reimbursed for mileage, he or she is allowed to list that amount as a deduction on his or her annual tax return.
The good news is all gifts and awards to employees are deductible expenses for employers. Taxable Income to Employees. All cash or gift cards redeemable for cash are taxable to the employee, even when given as a holiday gift. Likewise, monetary prizes, including achievement awards, as well as non-monetary bonuses like vacation trips awarded for meeting sales goals, are taxable compensation â not just for income taxes, but also for FICA. Withholding applies.