The Full Retirement Age Is Increasing Full retirement age (also called normal retirement age) had been 65 for many years. However, beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959.
Franchise Tax. Franchise taxes are fees that companies must pay for the privilege of doing business in a particular state or city. (Despite the name, they don't apply just to franchises.) Franchise taxes are not based on profit, meaning that even companies that lose money or only break even must pay them.
Franchise Fee - Definition. Definition: The Franchise Fee (also called the âinitial franchise feeâ) is the payment made by a franchisee to the franchisor for joining the franchise system. The franchisee makes a payment to the franchisor of at least $500 (annually adjusted) either before or within 6 months of opening the business.