What Is The Minimum Wage?
In May 2007, Federal minimum wage was increased to $7.25 per hour, but will be implemented in three stages ($5.85 by July 24, 2007, $6.55 by July 24, 2008 and $7.25 by July 24, 2009). However, …
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What You Need to Know about 401k Withdrawals
401k plans are common retirement investment tools for United States workers. The plans, named for the section of the IRS code that defines them, allow workers to save for retirement and to defer income taxes until the time the money is withdrawn. However, with these tax benefits come restrictions on when money can be withdrawn from the plan without financial penalties. 401k withdrawals …
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Wage and Hour Law Enforcement
Many employees are protected by federal laws which mandate a minimum wage, overtime pay and fair pay that is free from discrimination. Employees can contact the government agencies responsible for investigating allegations of noncompliance with these laws or they can file lawsuits against their employers if they believe that any of these laws were violated. Since agencies play an …
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