an employee that is paid a wage typically can expect to receive extra pay when working more than the standard number of hours per week. Wages can include regular pay for hours worked, along with
A living wage is an hourly employee pay rate that each working adult in a household requires to meet typical expenses for essential goods like food, medical care, housing and transportation. Living wage values vary depending on the household’s size, the composition of adults and children and ...
A tipped employee typically receives more than $30 per month in tips, according to the Department of Labor. Tipped employees must receive a minimum wage of $2.13 per hour, known as a cash wage. That cash wage is combined with tips to reach the federal minimum wage of $7.25 per hour. ...
young adults who still live at home, partly to sidestep Tokyo’s high cost of living while gaining work experience or supporting their studies. In such cases, the average hourly wage, though modest, may not be the sole income in the household or the primary factor in their standard of ...
For reference, the average income of the USA is USD 5,378 per month – almost six times China’s average income. Further, the average monthly wage in the country varies due to disparity in job availability, household requirements, employment status (full-time employee/ part-time employee), ...
What is self-employment tax? Self-employment tax is a type of payroll tax that self-employed individuals must pay to cover their Social Security and Medicare tax liabilities. Employers withhold Social Security and Medicare taxes from employee wages in the form of FICA tax. There is also an emp...
Corporate social responsibility is the practices companies undertake to make a positive impact on people and the planet, while still making a profit.
Gross income and net income are two terms commonly used by businesses to describe profit. Both terms can also be used to explain how much money a household is making or taking home. For an individual, net income is the total residual amount of income remaining after all personal expenses hav...
This is a rough estimate and doesn't account for family size or location. But, as a quick calculation, those making less than $43,350 make up the lower-income bracket, while those making more than $130,000 make up the upper-income bracket. Easy, right? Just take your household income...
The FUTA tax rate is 6%. According to the Internal Revenue Service (IRS), the "tax applies to the first $7,000 you paid to each employee as wages during the year. The $7,000 is often referred to as the federal or FUTA wage base. Your state wage base may be different based on th...