Checkoff
A checkoff or check-off is a bookkeeping mechanism that provides for regular payment of an obligation, typically referring to the collection of union dues via a deduction from a worker's paycheck by an employer.[1] It can also refer to an optional selection on a tax return to instruct that a portion of one's income tax be used for a specific purpose, such as the Presidential Election Campaign Fund.[2] The same term is also used to refer to a mandatory tax on sales of agricultural goods (paid by the producer) which finances a generic commodity marketing and research program; one example is the commodity checkoff programs mandated by the United States Department of Agriculture to promote sales and research of milk, beef, soybeans, or sorghum.[3] The Got Milk? advertising campaign is one well known example of an initiative funded by these checkoff assessments.[4]
See also
[edit]- Rand formula - Canadian labor law
- Beef. It's What's for Dinner
- Dairy Management Inc.
- United Soybean Board
References
[edit]- ↑ "automatic check-off". Cambridge Business English Dictionary. Cambridge University Press. n.d. Retrieved 29 February 2020.
- ↑ "checkoff Definition, Meaning & Usage | Justia Legal Dictionary". dictionary.justia.com. Retrieved 2026-09-01.
- ↑ "Check-off Programs See Strong Growth". Federation of Tax Administrators. 2003.
- ↑ "Checkoff Overview". National Agricultural Law Center. Retrieved 2026-09-01.
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