Under the Family and Medical Leave Act (FMLA), the 12-month period by which an employer measures an employee's entitlement to FMLA leave. Eligible employees have a right to take up to 12 weeks of leave in each 12-month leave year.
A retirement plan established by an individual that allows annual contributions of income and provides some tax advantages.
Various non-wage employee benefits that are in addition to normal wages. Some fringe benefits are exempt from taxation, provided certain conditions are satisfied.
Examples of fringe benefits are health insurance, life insurance and employee discounts.
Short for Federal Insurance Contributions Act tax, it is a payroll tax that incorporates the Social Security tax and Medicare tax. The FICA tax is 15.3% of an individual's earned income up to a certain limit (called the Social Security Wage Base) that increases each year, and then 2.9% of wages without limit.
Federal legislation permitting the government to impose a tax on business in order to fund state unemployment agencies. Employers must file a Form 940 annually to report this tax.
The share of the SSI grant paid by the federal government. Many states add a supplementary grant to the federal benefit rate.
A federal law that requires qualifying employers to provide eligible employees with 12 weeks of unpaid leave during a 12-month period to bond with a new child, care for a family member with a serious medical condition, or recover from a serious medical condition. At the end of the leave, the employer must allow the employee to return to the same or an equivalent position to that held before taking the leave.
A federal law that guarantees a worker's right to be paid fairly. The FLSA sets out the federal minimum wage, states requirements for overtime, and places restrictions on child labor.