Legally, during federal holidays, employers are not obliged to give their employees time off from work. That is unless the employers work for the government or a financial institution. Furthermore, if employees have a day off, the US does not oblige employers to pay them for their time away...
Where you fall on the FPL changes yearly. The federal government adjusts the guidelines annually for inflation. The Omnibus Budget Reconciliation Act (OBRA) of 1981 (42 U.S.C. 9902(2)) requires the United States Department of Health and Human Services (HHS) to release the poverty guidelines...
This week in federal government contracting news had some interesting stories including withdrawals of federal regulations on contractor greenhouse gas emissions and pay equity, as well as opportunities for federal contractors in 2025. Continue reading →Small...
FICA (Federal Insurance Contributions Act) includes 2 taxes: Social Security and Medicare. Both Social Security and Medicare taxes are deducted from each paycheck to fund these important government programs. How much are Social Security and Medicare taxes?
Minimum wages are set by the federal government and by states. They've been at the center of many debates. Key Takeaways The minimum wage is a legally mandated base pay for nonexempt hourly workers. The federal minimum wage in the United States as of 2025 is $7.25 per hour. ...
Although Budget 2024 did not increase federal corporate or personal tax rates under theIncome Tax Act(Canada) (Tax Act), significant tax measures were announced in Budget 2024 aimed at addressing the federal government’s (Government’s) theme of tax fairness, notably: ...
Whether that’s over a typical eight-hour workday or a 40-hour workweek, the federal government has made it mandatory to compensate all non-exempt employees. This is important as it protects workers and rewards them for the additional time they spend supporting your business. Some states ...
The government uses federal income taxes from employees to fund several programs (e.g., defense and veteran’s benefits). Because federal income tax withholding varies between employees, how do you calculate the taxes?How to calculate federal income tax withholding...
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2106Employee Business ExpensesQualified employees use Form 2106 to deduct ordinary and necessary job expenses. This form is only for use by “Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and employees with impairment-related work expenses,” accor...