employment

Estimated Taxes

Estimated taxes are taxes the IRS requires individuals to pay quarterly for their income that is not subject to withholding taxes. Self-employment income, dividends, and other sources of income that are not subject to payroll taxes must be...

Exempt Employee

Exempt employees are those ineligible for overtime pay or minimum wage from the Fair Labor and Standards Act. Usually exempt employees are in professional, administrative, executive, outside sales, and computer-related positions which have a...

Fair Housing Act & Fair Housing Amendments Act

The Fair Housing Act and the fair housing amendments refer to Title VIII of the Civil Rights Act of 1968 and later additions. Title VIII as set forth in 1968 prevented discrimination based on race, religion, and national origin in the selling...

Fair Labor Standards Act

A federal statute that regulates hours, wages, and working conditions of employees and also child labor. It regulates minimum wage and the right to overtime pay. It also prohibits oppressive child labor.

Fair Labor Standards Act (FLSA)

The Fair Labor Standards Act of 1938 (FLSA) established fundamental changes to labor standards in the United States. Infamously, FLSA created the federal minimum wage for most private and public employees, which originally was $0.25 an hour....

Fair Minimum Wage Act of 2007

The Fair Minimum Wage Act of 2007 amended the Fair Labor Standards Act to incrementally raise the federal minimum wage from $5.15 in 2007 to $7.25 in 2009. The Federal minimum wage remains at $7.25 as of 2021. However, there have been...

Family and Medical Leave Act (1993)

A federal statute that requires employers with a certain number of employees to allow their employees to take leave under certain circumstances.

See 29 USC Chapter 28 and 29 CFR Part 825.

Family and Medical Leave Act (FMLA)

The Family and Medical Leave Act (FMLA) requires employers to give 12 weeks paid leave to covered employees having a child or due to a severe medical condition of the employee or a family member. Employees do not get paid, but they must be...

Federal Benefit Rate

The federal benefit rate is the amount of money the Federal government provides for supplemental security income recipients. As of 2021, the benefit rate is $794 for individuals and $1,191 for couples, but the rate usually increases annually...

Federal Tax Deposits (FTD)

Federal Tax Deposits (FTDs) are required payments from employers to the Internal Revenue Service (IRS) for employee tax withholdings specified in the Federal Insurance Contributions Act (FICA). The IRS requires monthly or semi-weekly payments...

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