Unpaid wages can be earned but not paid to employees, who can sue for it. Employees should keep records of hours worked, pay slips, and discuss any discrepancies with their employer. Unpaid wages can be caused by reduced hours, bankruptcy, or mistakes. If an employer doesn’t respond, government representatives or lawyers can be consulted. Unpaid […]
Medicare wages are income subject to US Medicare tax, which funds the national healthcare program for older adults and those with certain disabilities. Not all income is subject to Medicare tax, and some deductions can reduce liability. Other countries, such as Australia, have similar programs. Medicare wages are the types of income that can be […]
The Davis-Bacon Act in the US requires prevailing wages to be used for government-contracted workers on public projects. Different states have their own methods for determining these wages, which can be controversial and lead to extra spending and benefits for unionized workers. Critics argue that this leads to wasteful spending and favors unions. Prevailing wages […]
“Covered earnings” refers to the income eligible for retirement benefits calculation, including taxable income. This figure determines contributions to government-sponsored retirement plans and impacts monthly payouts. Wages, salaries, and self-employment income are usually included, while some income may be exempt. “Covered earnings” is a term that identifies the portion of an employee’s income that is […]
