legal definition of wages
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wage Legal Definition of wage. 1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis —often used in plural.
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What is a Salary? While salary may be the accepted term for any and all compensation that employees earn, it is not always an accurate reflection of someone's earnings. Income that is earned first and foremost relative to the number of hours worked is considered a wage.
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- wage c.1300, a payment for services rendered, also in M.E. a pledge of security (1338), from O.N.Fr. wage (O.Fr. guage) pledge, from Frank.
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Regulations for Equal Pay Law Definition of wages. When used in this subchapter, the term wages means every form of remuneration or compensation for work or labor performed or services rendered and includes, but is not limited to, salary, commissions, drawing account, piece rates, stock option plans, profit sharing plan and bonuses, unless the context clearly indicates otherwise.
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salary, fixed - Legal Definition salary, fixed-Legal Definition. n. An agreed-upon amount of money in exchange for services that may be set at a fixed hourly rate, but that is usually figured on a yearly basis and does not vary with the amount of goods the employer sells.See also commission.. An agreed-upon amount of money in exchange for services that may be set at a fixed hourly rate, but that is usually figured on a yearly basis and does not vary with the amount of goods the employer sells.
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Wage Theft Protection Act of 2011 - Notice to Employees Wages are defined to include all amounts for labor performed by employees of every description, whether the amount is fixed or ascertained by the standard of time, task, piece, commission basis, or other. method of calculation. Wages can be paid based on any hourly rate, salary, commission or piece rate.
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- Explain the mathematical formula for determining the amount of wages that lawfully can be deducted and the amount of wages that are protected i.e., exempt; Tell the debtor of the right to request a hearing to dispute the wage deduction because the wages are exempt; and. Explain how to obtain that hearing.
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20 CFR 211.2 - Definition of compensation. (2) That the amount agreed upon to be paid may be paid in the form of the commodity, service or privilege. (b) Compensation includes, but is not limited to, the following: (1) Salary, wages and bonuses; (2) Pay for time lost as an employee;
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Prevailing Wages Law and Legal Definition A prevailing wage is a rate of pay determined by the U.S. Department of Labor based upon the particular geographic area for a given class of labor and type of project.ederal law requires all employers engaged in the performance of federal contracts to pay prevailing wages to their workers.
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- DEFINITION of 'Minimum Wage'. The minimum amount of compensation an employee must receive for performing labor. Minimum wages are typically established by contract or legislation by the government. As such, it is illegal to pay an employee less than the minimum wage. Next Up.
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Wage Assignment The voluntary transfer in advance of a debtor's pay, generally in connection with a particular debt or judgment. A debtor may negotiate with a creditor a wage assignment plan in which a portion of the debtor's paycheck is transferred to the creditor by the employer. This voluntary agreement is in contrast to garnishment, in which a creditor obtains an order from the court to collect part of a debtor's wages from the employer.
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Definitions &Translations A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. From the point of view of running a business, salary can also be viewed as the cost of acquiring and retaining human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.
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- Wage assignments are generally only for a part of the employee s wages. A mandatory wage assignment is a similar transfer of earnings required by law or court order. The amount deducted under the wage assignment can exceed the 25 percent limit of a writ of garnishment.
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Wage A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done. Payment may be calculated as a fixed amount for each task completed (a task wage or piece rate), or at an hourly or daily rate (wage labour), or based on an easily measured quantity of work done.
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- Comb your hair when wet. When your hair is wet, use your fingers or a wide toothed comb to remove the tangles. Brushing your hair while wet causes breakage, which slows the growth of your hair. 1  Do not comb or brush your hair aggressively. 2  This causes unneeded stress on your hair and scalp, and can cause hair breakage.
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- This section covers laws related to hiring and firing, wages and benefits, discrimination and harassment, workplace safety, workplace privacy, and more. Wages and benefits typically are the two main motivators of employment, and also tend to be among the biggest expenses for employers.
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Compensation: Outline and Definitions Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
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Workers Compensation Tax Law and Legal Definition Workers Compensation Law and Legal Definition. Workers' compensation laws are designed to ensure payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.
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- Salary is a regularly paid amount of money, constituting all or part of an employee's wages, paid on a weekly or less frequent basis, that is not subject to reduction due to the quality or quantity of work performed. This is the general definition in federal law (29 CFR 541.118).xample: A non-exempt employee is paid a salary of $500 per week, and works 50 hours in a given week. Since the agreement is just that the employee will be paid a $500 salary, that sum would cover any number of hours worked. The regular rate for this week is the salary ($500) divided by the 50 hours worked, or $10.00.
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How Is Compensation Determined for an Employee? Compensation is defined as the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Essentially, it's a combination of the value of your pay, vacation, bonuses, health insurance, and any other perk you may receive, such as free lunches, free events, and parking.
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Definitions &Translations In accounting, salaries are recorded in payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in stages at fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
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Publication 957 - Main Content For social security coverage and benefit purposes, all back pay, whether or not under a statute, is wages if it is payment for covered employment. Damages for personal injury, interest, penalties, and legal fees included with back pay awards are not wages.
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Definitions containing wage bill A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. This is a related economic concept that is complementary to the minimum wage used currently by some states to enforce minimum earnings.
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- Wages from an employer. If you are employed by someone to do a job, you get money in exchange for the work you do. This money is called a wage or a salary and is usually paid to you monthly or weekly.
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wage wage (third-person singular simple present wages, present participle waging, simple past and past participle waged) ( 1 transitive, obsolete) To wager, bet. ( 2 transitive, obsolete) To expose oneself to, as a risk; to incur, as a danger; to venture; to hazard. ( 3 transitive, obsolete) To employ for wages; to hire.